"An investment in knowledge pays the best interest."
The SPY , the ETF tracking the S&P 500 is up another 2.4 % for the month of October. for the year, the SPY is up an impressive 16.83 % .
The SPY continues to trade above its 200 MA and continue to have a positive absolute momentum.
The number of stocks trading above their 200 ma, is at a healthy 71.56 %.
And finally, the spread between the 2 and 10 years bonds remain well above 0. So despite many people predicting a correction, the markets are still traceable and may remain this way for a while.
With Amazon, Google, Netflix, reporting good quarterly results, it's no surprise that Technology is the sector of choice for this month.
Overall , we remain bullish on the market. Cheers