Monday, October 13, 2014

The Weekly Market Outlook - $DJIA $SPX $NDX View Toward the Short and Longer Term

  ***** Major earnings reports kick off this week and will influence the markets resulting in possible further quick tests of highs and lows.

More volatility may come from earnings reports and outlooks. Profits and positioning will continue to play into the mix as a result.  On the other hand, a calming effect may come from attentions focused away from the markets and on the coming holidays.

It is important to keep in mind not only the short term but longer term possibilities that the charts are now showing. I cover these this week not to suggest that it will play out in the next few days, but to point out the larger canvas on which we paint success.  So look forward (and back) to monthly possibilities along with the current events.

Happy Trading, Living and Dancing

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