All Hallows


It's All Hallow's - ok almost. Interested to see if stocks rebound at all and if the Euro can trade higher at all after we get through one more day of October.

This month has been a bloodbath for FANG or MAGA or BAT or whatever acronmyms you use for large cap tech. What about CAT? that's NOT an acronym but the actual ticker symbol for Caterpillar. CAT and FCX (Freeport McMoran) have a correlation of 0.90 on a 180-day basis and my algo is giving me a buy signal on both. I am following that pair.

Elsewhere today I am getting clear air above to go long cross-Yen, Aussie, INTC, BAC, T, TGT, MNKD and SNE (Sony, reported a good Qtr this am).

On the headline front we still have US-China dicey relations, Trump mood-of the-day, US political mid-term elections, Italian budget coupled with Merkel retiring from German CDU party, weakness in Mexican Peso on AMLO moves.

Good luck.