For the past several days the broad market has been range bound, bouncing between 1350 and 1425 on the S&P 500. Although the market appears as if it wants to sell off into the general election, I believe there is a good chance the market will challenge 1425 one more time before the eventual sell off. After several disappointing earnings over the past two days, I expect Friday will open lower, but rebound throughout the day.
According to my daily scans there are only 4 S&P stocks showing significant positive expectancy over the next 5 trading days while 33 stocks are showing significant negative expectancy.
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