INFOCUS   10-16-2023     INDEX.htm

      The rising Closing Powers and uptrend in prices continues
       to be bullish for DIA and SPY.  But see how the Accumulation
       Index, PI and Cumulative Up-Down Volume continue to lag
       as does the P-Indicator.  The DJI's overhead resistance
       still seems undaunted and apt to blunt a rally 2% higher,
       a point at which Peerless would give a Sell S9 and a Sell S12.
     
       Defensive insurance stocks have now become market leaders.
       UNH as the highest priced DJI-30 stock is the most important. 
      
       MSFT and NVDA rose nicely, but QQQ and the NASDAQ
       have stalled at their falling 65-dma, as has TSLA.

       Watch Bonds to see if there are still bulls left in this quarter.
       The Buy B2 from Peerless is helping hold RETL and IWM up.