in the industrials. SOXL just  a little, that really could get walloped and a hope it does.Tomorrow could stop the bleeding, depends on how much the economy is slowing, or if its hot, look out!

   Most people on Wall Street, I would assume took calculus in High School and have a big head start in stock charting. Remember ROC? Look at the semis even NVDA, even if we are close to bottom, it might only be temporary. I stll think we see 6800 again either soon or next year sometime.(JMHO)

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and they are still not that attractive. AMD tonight, not interested in the semis yet either Strength there should be met with selling. Not going to be the typical end of year grind. (JMHO)

According to my turn probability summation system, the days this week with the highest likelihood of seeing a turn in or acceleration of the current trend in the DJIA are Tuesday November 3rd and Friday the 6th.

Last week the Thursday October 29th turn window tagged a top and sharp turn down.  The actual top occurred early in the morning in the futures market as shown in the red bracket on the finviz.com plot excerpt below, with the turn down well underway by the time the cash market opened.

As I posited in last week's turn window post, the Fed did nothing but give lip service to lowering inflation which apparently is OK with the bond market which basically ended the week just about where it started despite the lack of Fed action on the very bane to its value, go figure.

Finally as I mentioned in the last couple of weekly posts, this week is the next crash risk window.  With the election, two wars about to heat up again and AI mania starting to show cracks, there is no shortage of potential sources of a black swan needed for the big bang to occur.  The probability is still awfully low, but definitely not zero for this one.

Regards,

Douglas