Report 7 9 10

Hope you all had a great weekend. It was really hot this week in NY but it "cooled" down for the weekend. The markets have also been scorching! Will they also "cool down?"

Last week we mentioned that we were closing in on a short term bottom. Let's analyze to see what may be up ahead for this week

Naz 100

Dow

Interesting note before leaving:

Over the last 6 decades, between August and October, the S+P 500 has had 33 up years, nothing special. However, when you add up the losses of the remaining years the bears still win as the S+P in this time frame has totaled a negative return of around 20%!!!

I will point out that when the market trades lower in these time frames it really trades lower! 7 years have been 10% or more. 3 years have been 15% or more.