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The video in this report is only accessible to members

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US Equity markets look to be bottoming in the historic “bear-market killer” month of October following oversold conditions during a time of seasonal tailwinds and bearish sentiment.  The effect of the attack on Israel resulting in Treasury yields and the US Dollar rolling over looks important and Equities are responding to this more than the anticipated Israeli retaliation.  SPX having exceeded 4336 should lead prices higher in October.

A big day for market breadth as NYSE came close to showing it’s first “90% Up Day”, but volume managed to favor advancing issues by more than 82%.   This is a welcome development at a time when many investors were publicly questioning whether the broader market might be able to snap back and join the strength in Technology, or vice-versa.

Overall, SPX and QQQ arguably are likely to continue higher at a time when the Dollar and Yields have begun to turn down in earnest.  This is a key bullish factor for “why” equities can rally in the wake of the multiple geopolitical conflicts during a time of ongoing uncertainty on the economy and FOMC policy.

I’ve discussed the...

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