Hello Everyone,

Here's a link to Tonight's Newsletter.

Gap and go trend day on the market, news driven of course.  Trend continues as always like a broken record since April. The best the market  could do was muster a 2-day pullback on Oct 9th and 10th, which was strong enough to bring prices near the 50 day MA support on the S&P 500 and since then the market has continued its relentless uptrend.  

The S&P 500 cash closed at  6878, and now one has to ask with the BIG ROUND NUMBER of 7000 being so close - it's likely a magnet!! 

Big rally today: S&P 500 +1.2% or 83 points, QQQ +1.8%, IWM +0.3%, Dow Jones +0.7%

News: FOMC on Wednesday (rate cut), Trump meeting with XI, tons and tons of earnings etc

Earnings season: We are in earnings season and historically the market generally holds up during earnings season and that's once again been the case. This is a HUGE week for earnings with about 40% of the companies reporting this week and also 5 of the big cap tech FANG stocks reporting later in the week: (MSFT, META, GOOGL Oct 29th), (AAPL, AMZN Oct 30th)

Gold and Silver:   NICE pullback off the highs, I warned about this the previous weekend newsletter pointing out the parabolic move, but more importantly the REAL warning was given from the gold mining stocks had given a sell signal BEFORE gold topped. Below are my comments from Oct 19th.
These areas of are in parabolic uptrends and these can go on for longer and higher than you think, so be very careful trying to pick a top. Very short term I have a symmetry break on GLD 60 min, and the mining stocks are lagging and look toppy here (and they tend to peak first), so we'll see what occurs this week. 

Matt's Macro Vision long-term swing plays: Has done outstanding with long term calls on Gold, Silver, Platinum, Palladium, Rare Earth, Lithium, UNH etc. Finally a correction in these names

I'm adding new ones:  WEAT, the Wheat ETF

Matt