A Lack Of Moral Fiber

Vlogs

A Lack Of Moral Fiber

Hey Everyone. It’s Al Abaroa for Financial Intelligence Training. It’s Saturday. It’s October 3rd and it’s 2020. The 4th quarter is officially underway, and all headlines are now obviously being dominated by President Trump and First Lady Melania’s positive Covid diagnosis. After the announcement, futures in the overnight market tanked. Friday morning, the premarket was seeing a 57 point drop in the SP 500. For the second Friday in a row, the market tried it’s best to claw its way back to find positive territory. Only this time the market could not hold it. Now it is important to note that the major indices are still holding at or near their 50 DMAs. I can’t stress how important this is. As a reminder from last week’s commentary we witnessed 4 straight weeks of declines and even in the wake of negative news, have finally broken that trend in the SP…