The market doesn't always behave according to its historical norm but the timing of this oil rally and the extent to which it has become overbought going into the seasonal peak is something to be aware of.
Near-term chart trends for the major equity indexes remain mixed.
JPM reported the firm's third quarter financial performance and the unofficial start of earnings season is officially underway.
There probably will be an intense period of market volatility that could stretch farther out than even I projected a couple of months ago.
CPI, Fed minutes, and earnings are hitting today as the market continues to struggle with corrective action.
Because small-caps have been basically going nowhere for months, the chart of the IWM is setting up extremely well.
With constrained trade routes between the U.S. and China, I want to own a piece of whomever is steering or parking those big ships off the port of Los Angeles and elsewhere.
Also, shipper ZIM Integrated is a cash machine right now.
With earnings season starting in earnest Wednesday, both indexes have offered investors nothing but lower highs coupled with lower lows since the start of September.
The corrective process continues as we await inflation news.