Happy Anniversary

Futures are up about 5 points on this, the 31st anniversary of Black Monday.  Ahh…memories.

Total losses since the recent Sep 21 highs hit 8% last week — about 5.8% from the simple sell signal we highlighted on Oct 9 [see: Investing for Dummies.]


…and, now.

The bounce we saw on Oct 11 got ES back above its SMA200, but it remains to be seen whether it can hold.

Keep an eye on Existing Home Sales, due out at 10am.  They’ve been on a steady decline since March.  And, rising interest rates are very unlikely to have helped in September.


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