October historically isn’t the worst performing month for the markets, but it certainly does seem to always have a good amount of volatility. This year is no exception. We have seen plenty of ups and downs during this month. While many media outlets focus on the daily moves in the market, they tend to miss the larger picture. According to some of our charts here, the longer term indicators are still in good shape. This short term exhale, or stall, could be offering some better entry points on solid investments. However, since my crystal ball will likely never work properly, we’re just going to have to wait and see.
Here’s what I’ve been reading today: