fridays action was very impressive in just about everything except the nas/ndx. its been about two months since that was true. the nas was obviously hurt by the semis, but the bios had a pretty lame bounce as did the internets. so the three big sectors of the nas are limping.
i too would expect more up this week with the spx/dow doing better than their tech counterparts. on tues nov 1st the fed will raise rates for the 13th (???) consecutive meeting. inflation is going nuts so they may not even hint at an end to the rising cycle. there is already at least one other raise cooked in now.
wed nov second will be even more important than the first imo. that is the day the fed announces its quarterly refunding plans.
id like to let my pharma trade run about a week and look for shorts when spx reaches 1220-1230 or 1595-1605 ndx. of course in this yo yo market that we are in the past few weeks we could be down hard monday and be looking down again. things just wont be clear until we get out of this trading range.
News 
Market Data 
Discover 
