Saturday, November 1, 2014

Nov 2014 monthly outlook

Given recent volatility moves in November may be substantial on a daily basis.  Over longer periods expect ups an downs to largely cancel over the month of November.  I expect November to be good for traders, not so good for investors.

We should be at/near a top to start November.  By mid-November the shorter (20+ TDs) cycle should bottom (Nov 17 +/- 1 day).  At that point the shorter cycle (20+ TDs) turns up and the longer (40+ TDs) turns down.  So  they offset to a large degree thru the end of the month and into early December.

I expect we could see around 2% pullback in the month.

GL traders

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