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INDEX STRENGTH: +7

The pause we’ve been expecting materialized Friday.  After seven straight up-days, a pause was needed and did not cause much damage.  We’re now at the end of the seasonally weak October period; so the outlook is promising.  The short-term tactical index sits at +4, while the long-term strategic index continues to show strength at +3.  Unfortunately, investor sentiment is no longer a tailwind and we’re close to overbought levels.  Markets have rebounded decisively from the early October lows; so pullbacks should be viewed as healthy here and a potential buying opportunity.  

October 23, 2021.  12 PM

Previous Close:

+9

One Week Ago:

+9

Maximum Tailwinds = +10 (Bullish / Buy)

Maximum Headwinds = -10 (Bearish / Sell)

The Trade Index:

October 2021 (Daily Heatmap Breakdown)