Seasonals are hot, the war seems to be settling into a norm in the Middle East, Europe is down to a dull hum, and the Dems and Repubs in the US House are carving turkeys together. We think the quieting of news and seasonals should give us some upside today:
Our Zweig is now on Day 3 sitting at 51.16, just 10 short if its goal, but that last 10 is everything and it is going to need some mighty powerful buying days between now and December 3rd when the count ends.
Our CVI is just moving with price now. We have not accumulated as much as was sold off yet.
The 40 DPI looks decent to us:
If it wasn't for the seasonals, we would be calling for a down day based on this chart below alone, it needs a little relief:
Our trenders are both leaning into the neutral camp. Something they do before reversing, but not quite ready to make the reversal call.
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