11/1/2022

The S&P 500, DJIA, and Nasdaq 100 have demonstrated follow-through after one of the best Octobers on record.  The 8-day ema is potentially getting ready to cross the 50-day ema, known as a Golden Cross; when a shorter moving average crosses above a longer one, it indicates that bullish sentiment is outpacing bearishness over the short term.  Monday's market action was a bit bearish, as the candle formed completely inside the body of Friday's market action.  Stops should be in place.

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