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10.24.22 – MONDAY MARKET OUTLOOK

Market Outlook Thursday
 

The market rallied right at the start but then it sold off within an hour. I expected the selling to continue because the VIX was still negative, pointing to traders buying hedges. Right at 10:30 am ET the market turned up again and rallied the rest of the day. Despite VIX still being negative, it is slowly turning the odds to the bullish side. Nevertheless, I still am cautious about this trend.

 
Market Outlook Friday
 

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