1pm update - the sun sets on October

US equities remain in nano scale churn mode... mere consolidation of what are extreme net monthly gains for the sp'500 of around 8.8%.. as reflected in equity markets across the world. For the moment, there is no sign of a turn.. although cyclically we are due a down wave into mid November.


sp'daily5

Summary

Little to add.

I realise some out there are still looking for another 0.5-1.0% to the upside before a turn... certainly possible, but things are looking tired, as reflected in a number of stocks like DIS, INTC.

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Here in London city....

Ironically, the sun finally appeared today.. a mere few minutes before sunset.

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back at 2pm