According to my turn probability summation system, the day this coming week with the highest probability of seeing a turn in or acceleration of the current trend in the DJIA is Thursday October 22nd, but the summations for the rest of the days of the week are so high that multiple turns are possible, maybe a whipsaw affair.

Last week the Monday the 12th turn window shown in the first red bracket in the marketwatch.com plot excerpt below only tagged a minor high leading to a small decline, so a dud.  The Friday the 16th turn window also tagged a high the importance of which will of course depend on action early this coming week.

Since late September the broad market has been making a valiant attempt to head higher, but a number of stocks have dropped out of the march northward over the last couple of weeks as seen in the red versus the green trend lines AD line and stocks above the 200 day moving average divergence with the NY composite index.   It is certainly possible that the breadth will improve healing this divergence, but given October's history, you have to at least consider the possibility that the index might just fall to get in line with breadth.

Finally, could somebody please explain to me how such awful inflation data could lead to a bond rally.  Maybe it was just a short squeeze, or maybe anticipation of Warsh's Alfred E. Newman approach to inflation, What, Me Worry, AI Will Save the Day? speech on Friday that caused the bond rally.  If the red trend line holds, maybe I'm making much ado about nothing, but a break of the line pointing to even lower rates is a hard pill to swallow considering the current rising high price of low living.  Kevin is still talking tough, but a piddly quarter point Fed Funds rate hike and maybe none at the meeting next week and the ever- expanding balance sheet actions certainly don't match the rhetoric. 

Regards,

Douglas

....so far. Tariffs here and there that can double overnight, war vs Iran that has been won so many times that I've lost the count, announced ceasefire

between Russia and Ukraine that here in Europe we believe none of the two parts were aware of, all of that is making my gain for the year, cut in half compared to last year's one. 

I'm so happy.  

The CPI came out a little hotter than expected, and futures are down some off of previous highs. Keep in mind that this is an X wave and they can be very erratic!

The possible SPX cash range today: SPX 7830 to 7710.  7710 minimum is still expected sometime today then much higher into Friday to at least SPX 7887.

people walking in t-shirt, here at the latitude of Austria more or less. Never seen before. The weather of June in advanced October. When I was a kid we used to play football outdoor, our hands were 

red in October and violet in November, due to coldness. Now we are in t-shirt. Great.......   

The troops are shooting the generals (fromer tech leaders) and that is why the SPX is flat as it is a hybrid index. My target for WED is SPX 7533. The VIX (volatility index) is primed for a large move up and it is positively diverging (NEG for market).

It looks like to me that WTI Crude is about to shoot up to $116 by WED. I know that the CPI comes out WED, but I don't think that will be the catalyst for the drop.

Today is Columbus Day and Banks are closed and so is the bond market.  Liquidity tends to be low on this day.

By Oct 29th, I see the SPX well up over 8000 (8030/40 range).

The current astros:

Oct 10, 2026     5:31 PM   Venus Rx  7 Scorpio 21 square  Mars  7 Leo 21

Oct 13, 2026    10:04 AM   Sun 20 Libra 15 sesquiquadrate Uranus Rx  5 Gemini 15

With OIL prices looking primed to skyrocket over the next two days, the above astros look warlike. I said before that Putin (Libra) may be involved and likewise Trump (Gemini). I can't rule out the Zionist Netanyahu (Libra) either, as he is pissed that Trump is taking Russian PM Putin's side over Ukraine's Zelensky, as Trump is trying to get diesal prices down before the election on Nov 3.

So far, Zelensky says Putin is still attacking them. Zelensky is an Aquarian. His moon is in Leo, Venus in Aquarius, Mars in Leo, Jupiter in Gemini, Saturn in Leo, Uranus in Scorpio.

Aquarius is ruled by Uranus, which is Rx now and in Gemini. His Venus is also in Aquarius and is now in Scorpio. Mars is in Leo right now.  His Jupiter is in Gemini with Uranus now and his Uranus is in Scorpio where Venus is right now. Last week, Mars in Leo made a harmonius sextile to Uranus Rx and then Trump tries to make this deal. This looks more like Zelensky and Putin here, than Netanyahu.

Currently, there are members of Congress who are ticked at Trump for trying to do this, but clearly neither they or European leaders are telling the truth about this situation that the globalist beast sytem had set up, namely the clear violation of the 2014 Minsk Agreement. Russia is not the aggressor, but only defending their people in the Donetsk region.

We are in a CID (change in direction) due around the new moon Oct 9/12.