Replies to post #29364 on Market Direction and Stock Trends

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October Back on Track – Earnings Season Ramps Up
By: Almanac Trader | October 15, 2019

After a bumpy start, the market is back on track at the mid-point of October. DJIA, S&P 500, Russell 1000 and Russell 2000 are slightly above average at this point in the month compared to the last 21-year historical average. NASDAQ is comfortably above average and continues to lead. Negative headlines have given way to more upbeat news. Trade headlines are now featuring some progress even though tariffs remain in place and third quarter earnings season is underway with a solid report from JPMorgan Chase (JPM) today. Provided economic data and corporate earnings hold up, the market is likely to continue its run toward all-time highs and October could end with above average gains.



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