the rare mid-week update

Nothing like taking a full 1 month break from doing blog posts....last post was September 20th, so thought I'd jump back into the fray on October 20th and post another.

For all the ups and downs, the S&P continues to chug along on its upward trajectory. Gold continues to climb, oil is hanging in there, natty gas is moving even lower and the Commitments of Traders report shows that even though the bull run of the S&P is over, dollars keep pouring in to the index and pushing it higher. Meanwhile, the VIX is now solidly under 20, a sign of complacency and calm.

Elections are weeks away, the rush of earnings season is in full effect and the earth mover stocks continue to lead the charge (FCX/JOYG/BUCY/CAT/DE) while the cloud computing stocks have stumbled recently. In the battle of Old Tech vs. New Tech, Old Tech wins this round.

DJIA 11,107.97 +129.35

NASDAQ 2,457.39 +20.44

SP500 1,178.17 +12.27