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Check out our next “State of the Market,” on Monday, 10/7.
Tickets for the Crossroads Summit 2024, sponsored by TradeStation Group, can be accessed here.
Sizing Up the S&P 500
- S&P 500 trying to hold breakout above 7/16 high of 5670
- Potential reversal signals:
- Stochastics crossover
- 8-day EMA falling
- Last week’s low-to-high range of 1.2 percent was the smallest since late March (before stocks fell).
- Inside, outside days near highs
- Intermarket:
- U.S. dollar index potentially holding July 2023 low.
Geopolitical Risk
- China stimulus (risk goes both ways)
- Middle East conflict
- Dock-worker strike
- Presidential election
- Ukraine war
Upcoming Events
- Fri 10/4: Payrolls
- Tue 10/8:
- Earnings: PEP
- Wed 10/9: Fed minutes
- Thu 10/10: CPI / Robotaxi event
- Earnings: DAL
