Library Archive
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- Equity indices edged higher over the yesterday, led by the Dow Jones Industrial Average ([.DJIA]), which gained 0.69%. The S&P 500 ([SPX]) advanced 0.58%, while the S&P 500 Equal Weight Index ([SPXEWI]) rose 0.34%.
- Meta Platforms Inc. ([META]) exceeded earnings expectations after the market close. Despite being hit with a $25 billion penalty related to allegations of misleading Facebook users about data privacy practices, shares moved lower in pre-market trading despite the company's stronger-than-expected results.
- The ten week for the S&P 500 ([^TWSPX]) has continued to tick higher and now maintains a chart level of above 50%, signaling a continual increase in near-term participation. The bullish percent for the S&P 500 ([^BPSPX]) also reversed back up over the past week, signaling an increase in intermediate-term participation.
- On the earnings front, a few major companies are expected to report earnings over the next week: Visa Inc. ([V] 5/5 TA Score on 10/27), Alphabet Inc. Class A ([GOOGL] 3/5 TA Score on 10/28), and Microsoft ([MSFT] 4/5 TA on 10/28).
- Yesterday’s research piece covered the improving relative strength in commodities, highlighting leadership from oil-related exposures such as DBO and showing how a relative-strength rotation strategy has historically outperformed a passive commodities allocation.
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