The October 2023 TS Newsletter has now been posted

Topics in this month's research report are Commodities: Energy still rules.  International Equities: Another bump in the long bull market.  U.S. & Canadian Equities: Corrective phase.  

In the Commodity section, we highlight the main driving force for the S&P GSCI Commodity Index, the 1st upside target for WTI, Gold's current slump, and the outlook in Q4,  Copper's minor movement, and livestock prices continue to shine.  

The bull market run for the Dow Jones Global Index is far from over, emerging markets continue to flounder from US dollar headwinds, and Japan's Nikkei breakouts again. Spain and Italy's markets show who is the strongest, Brazil's Bovespa remains rangebound, and Australia's ASX waits for Q$ lift to arrive.

U.S. equity markets lose more upside momentum, fear starts to build for investors as more put options are bought.  Inverted yield curve concerns mount, while US Business optimism gauges rebound and the one-year Inflation Expectation Index shows a promising trend.  The S&P 500 and Dow retrace back to key support levels and the TSX finds 19,000 as an important stop.  

At the end of the U.S. & Canadian Equities, we have added a special section on the Business Cycle.  We examine what phase the market is in based on select economic indicators and specific sector breakouts.  

To view the complete 25-page October TS newsletter, go to www.technicalspeculator.com, login, and follow the links to the latest research report.

Enjoy.