Wed 1st Oct

The first trading day of the month is often positive for stocks so we shall see how the US navigates this particular day this month. The main US stock indices held above key support levels to see out September but this is no guarantee they will stay that way. I’m on the lookout for signals of a pull back but I’m not seeing confirming evidence of this just yet. Let the trend be your friend….as they say!

S&P500: has held above daily support and there is no new Tenkan/Kijun cross to report just yet:

S&P500 daily Cloud: no new T/K cross yet.  Any new bullish cross above the Cloud would be significant as it would be a ‘strong’ signal:

DJIA: above daily support:

NASDAQ daily: above daily support:

NASDAQ monthly: remember, this index has a bit of ‘catch up’ to do to contend with the DJIA and S&P500:

Russell 2000: looking weak but the close above 1,100 for the day and month was no small psychological effort: