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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