Good morning. I hope everyone had a restful weekend. The market seems to have woken up today with a bearish attitude. The patterns in the index ETF’s are not positive at the moment with gap down opens that seem to be confirming another lower high on both the SPY and the DIA.
There is a ton of news this week with a bunch of Fed members speaking almost every day. Yellen will be testifying on the Hill this week which will likely the market focusing on what she has to say.
If that were not enough we have the Presidential Debate tonight that has the potential to really kick up volatility depending on the results. Then we have OPEC once again trying to get an agreement to control output production. Both Russia and Iran have both said they will not agree to a slow down.
Buckle up it could be a bumpy week.
Trade Wisely,
Doug
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