Library Archive
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- The Russell 2000 Index ([RUT]) led the major U.S. equity benchmarks lower on 10/15, declining 1.93%, followed by the S&P 500 Index ([SPX]), which fell 1.11%. The Dow Jones Industrial Average ([.DJIA]) was comparatively resilient, slipping just 0.09%.
- Although domestic equities remain in second place within the DALI rankings, the asset class has continued to steadily close the gap with first-place international equities. Since the start of October, domestic equities have reduced the signal-count deficit from five signals to just one, suggesting leadership is becoming increasingly balanced and that leadership may be shifting back toward U.S. markets.
- After reversing back into a column of Xs last week, the ten week for the S&P 500 ([^TWSPX]) has continued to tick higher, signaling an increase in near-term participation. However, the bullish percent for the S&P 500 ([^BPSPX]) and the percent positive for the S&P 500 ([^PTSPX]) remain in a column of Os, as the index still lacks longer-term strength.
- On the earnings front, a few major companies are expected to report earnings over the next week: Netflix Inc. ([NFLX] 0/5 TA Score on 10/20), Tesla Inc. ([TSLA] 3/5 TA Score on 10/21), and Meta Platforms ([META] 3/5 TA on 10/21).
- Yesterday's research highlighted the cybersecurity sub-sector in recognition of Cybersecurity Awareness Month. The report identifies several actionable investment opportunities and outlines key companies that appear well-positioned to benefit from the sector's favorable long-term growth trends.
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