FOR MONDAY: (10/1) First of the month fund buying should start. Research on the 12-year cycle that kicks in mid-October suggests lower dollars for a year and higher metals, and we’re starting to sense that the Oct. seasonals for stocks may fail unless 2950 isn’t taken out early in the week. Lot of turns coming on the weekly chart in the next few weeks, and we’ll continue to report as we complete more research.
DEC. E-MINI S & P 500
TRADING RECOMMENDATION: Wait for morning comments.
S & P ANALYSIS FOR MONDAY: (10/1) Monday may be one of the better days next week to move higher. Market needs to take out 2935-36 to show some power and continues to act toppy. We have been counting on Oct. seasonals but we looked at other cycles the first 3 weeks of October and they don’t seem accommodating. If the market can’t surge the first few days of the 4th quarter, we may see that it’s tiring.