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Jim Wyckoff

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Early Clues U.S. Stock Indexes Have Topped Out

October 9, 2018 by Jim Wyckoff

There is still some risk aversion in the world marketplace this week. And there are now early chart clues the U.S. stock indexes have put in at least near-term market tops, if not major tops. The S&P and Nasdaq stock indexes last Friday posted bearish weekly low closes and their near-term price uptrends have stalled out. Remember, too, that it’s October–a historically unkind month to the stock market. World equity markets are still rattled by rising government bond yields that are pulling investor interest away from stocks. The benchmark U.S. 10-year Treasury note on Tuesday hit a yield of 3.25%, which is a 7.5-year high. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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