THE WEEKLY TOP 10


I was out of the office and out of contact with the markets on Thursday and Friday in order to attend a memorial service. Therefore this weekend’s piece will be quite a bit shorter than usual...and there will only be one “version” (plus a “Table of Contents)......The format is also a little different in another way this week. I’ll be putting the “Summary of our current stance” in point #9...instead of #10 like I usually do. In this week’s final bullet point (#10), I’ve included a great story about Art Garfunkel that a very good friend of mine sent to me this morning. It won’t take you very long at all to read it, so I hope you will take the time to check it out. It’s a very inspirational...and I thought we all need stories like these in the crazy times we live in right now.

Finally, as a reminder, I will be presenting at the MoneyShow's Virtual expo in two weeks. Click here to sign up for this conference for free. Thank you and I look forward to the Show! Thank you very much.



THE WEEKLY TOP 10


Table of Contents:
1) The stock market usually rallies just before the Presidential Election.
2) A move to 1% on the 10yr note yield would signal an important change in trend.
3) Any further steepening in the yield curve would confirm a change in trend as well.
4) Banks looking to breakout, but not quite there...yet.
5) The dollar acts very poorly, but its “positioning” is still bullish near-term.
6) AAPL at a key technical juncture. They report earnings on Thursday.
7) Bitcoin breaks out, but it’s quite overbought on a very-short-term basis.
8) Politics.....Contested elections? Self pardons? You can’t make this stuff up!
9) Summary of our current stance. ...
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Morning Comment: Yields testing resistance....NFLX testing support.


The market finished the day with a decent gain yesterday, but it closed well off its early afternoon highs. The gain also came on lower volume and mediocre breadth (2.4 to 1 positive on the S&P 500)...so the action so ...

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Morning Comment: LA Dodgers!


For the first time in the history of Major League Baseball, a team has come back from a 0-3 deficit to win their League’s Championship and move-on to the World Series. That’s right, the LA Dodgers were able to come ...

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THE WEEKLY TOP 10


Quick Note: I will be participating in the next "MoneyShow Virtual Expo" that runs from October 27-29. I will be presenting early in the afternoon on October 28th and I hope you will join me. They have a fabulous line-up ...

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Morning Comment: Bullish "internals" this week.


We got more evidence yesterday that this week’s “breather” in the stock market will be followed by a further rally into the election. We’ll still have to watch the action in the market for a couple of more trading days, ...

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Morning Comment: Keep Watching the Dollar


We had been expecting a pull-back in the stock market after its nice two-week rally, so the decline in the market yesterday was not a surprise. In fact, it can be seen as normal and healthy. Of course, if the ...

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Morning Comment: NY Sports Teams Have Become Irrelevant (and that's not good).


It should be a quiet day today...as the bond market is closed for Columbus Day (or whatever the call it now)...and a lot of market participants (both bond & stock market players) have taken a three-day weekend. To be honest, ...

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Morning Comment: Next Week Will Be Very Important For The Stock Market


Our apologies for not publishing yesterday, we had a power outage and it took quite a long time to get back up and running yesterday. Anyway, our feeling is that the only thing that will really be remembered from the ...

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Morning Comment: Bank stocks and the yield curve


The stock market rallied nicely yesterday...and although talk of a fiscal deal out of Washington and news that President Trump was leaving the hospital got a lot of the credit for the advance...we believe the falling odds of a contested ...

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Morning Comment: A bullish development for banks???


We find it interesting that the stock futures are trading meaningfully higher this morning given that we cannot find any new-news on a fiscal deal. The S&P futures are basically signaling that they’ll claw back everything the S&P lost on ...

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Morning Comment: October...deja vu all-over again...or not???


  • October in NE: Colors, Red Sox, Tom Brady...Wait, what?
  • September corrections usually bottom in October.
  • Chip stocks are a great leading indicator...and they're rising.
  • But so are the truckers...and they're falling.


October in New England: Colors, Red Sox, Tom Brady...Wait, ...

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Morning Comment: Follow the Dollar


  • Things are only going to get uglier in the Presidential campaign.
  • Trump is actually winning the “expectations game” for the debate.
  • Pelosi’s comments & the dollar are helping the market bounce this morning.
  • The dollar is overbought near-term, but still ...
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