| Index | Close | % Change |
|---|
| Dow | 25794.08 | 2.15 |
| Dow Transports | 10744.3 | 1.8 |
| Dow Utilities | 734.93 | 1.18 |
| S&P 500 | 2809.86 | 2.15 |
| Nasdaq | 7645.49 | 2.89 |
| Nasdaq 100 | 7276.43 | 2.94 |
| Russel 2000 | 1595.44 | 2.73 |
| VIX Index | 18.08 | -15.12 |
| 10 Year Gov't Yield | 3.16 | -0.06 |
| Spot Gold | 1225.08 | -0.18 |
| Spot Silver | 14.66 | -0.22 |
| GDX-Gold Miners | 19.99 | -0.35 |
| Crude Oil | 71.86 | 0.11 |
| Dollar Index | 95.05 | -0.01 |
| Euro Spot | 1.16 | -0.01 |
| Japanese 10 Year | 0.14 | -3.36 |
| Shanghai SE | 2546.33 | -0.85 |
| Long Bond 20-year | 138.53 | 0.18 |
|
Ramp-O-Rama
10-16-2018The bulls threw themselves a little party, as all the indices gained better than a percent through midday for no particular reason that I could see, other than that stocks had stopped going down and appeared to stabilize.
Higher We Win, Lower You Lose
In the afternoon, the rampage higher continued with the indices gaining about 2% as of an hour to go, when I had to leave.
Away from stocks, green paper was both stronger and weaker, but closed flattish. Fixed income was a touch higher, oil was a nonevent despite all the chatter about Saudi Arabia, and the metals were higher early on but lost a tiny bit of ground.
Setting the Stage
With the market having taken a decent pounding recently, muscle memory causes folks to chase stocks the minute they seem ready to stop declining. That is pretty much par for the course, but I am quite curious to see how they respond to potentially weak guidance once third quarter numbers are reported.