Five in a Row

Five down days on the Dow in a row. Nice. Let's hope for a sixth tomorrow. A solid week of downers would be sweet. Of course, all eyes are on the election next week. The market can have perverse and surprising reactions. A huge victory for the Dems would supposedly damage the market. But let's remember Clinton's 1992-2000 tenure wasn't exactly bad for stocks.

My $MSH puts are slowly gaining strength. There's a lot of room to tumble, but there's no earnest downward momentum yet.


The same holds true for the Russell 2000 ($RUT). Today's "spinning top" candlestick pattern indicates uncertainty.


For anyone bearish on gold, check out AEM. It looks really vulnerable to a swing down.


FCX is a great put play, since it's got a tight stop and there's so much room on the downside. Plus the supporting trendline seems to have been pummelled into irrelevance.


HYDL is a honey of a head and shoulders pattern. Full retracement has been completed.


Retailer Nordstrom (JWN) has decidedly busted through its supporting trendline and is high enough to be a relatively safe play.


lufk


The fog will hopefully clear by next Wednesday. Thanks for taking the time to stop by.