Hello Everyone,
Also I made a video of this newsletter, it's not finished processing yet, I'll email you a link once it's done.
Quick Notes: The major indexes posted marginal gains, except for the Dow Jones, which posted a marginal loss. Choppy day basically and quite a few stocks and indexes/sectors ended the day with doji like candlesticks. Also, of the 21 market sectors that we follow, roughly 50% closed up or down, mixed day. The market feels a bit overbought in the short term here.
Interesting stat from Sentiment Trader, Since 1900, the Dow held ONLY during September and October has declined -73.7%
Mostly a down day for the commodities, save for natural gas which gained 5.4%.
Note: Several previous ideas on watchlist remain valid but simply have not yet triggered so continue to re-examine each night. Consider making a fresh top 10-12 setups each night and put on front page along with existing trades. My advice is to keep your total ideas to a manageable number. Lastly, it's best to wait at times for valid setups to form - sometimes less is more.
Matt
