| Index | Close | Change | Chg% |
| DJ Industrials | 13878.15 | 99.5 | 0.72% |
| Nasdaq | 2699.03 | 15.58 | 0.58% |
| S&P 500 | 1525.42 | 8.21 | 0.54% |
| Russell 2000 | 809.12 | 6.12 | 0.76% |
| Nasdaq 100 | 2088.38 | 11.55 | 0.56% |
| Commodity | Last | ||
| Crude Oil | 80.7 | ||
| Natural Gas, Nov | 7.722 | ||
| Gold, Dec | 740.6 | ||
| Issues | NYSE | Nasdaq | Amex |
| Advances | 2,165 | 1,784 | 740 |
| Declines | 1,152 | 1,203 | 439 |
| Unchanged | 96 | 122 | 103 |
| New Highs | 169 | 117 | 61 |
| New Lows | 59 | 67 | 28 |
Comments:
All the major averages are closing in on their July 19 highs with the DOW less than 1% away as well as the Nasdaq. The S&P 500 is a bit further away from its high due to the drag of financials.
I believe that the market is reaching a critical turning point. Will it power up and beyond the former highs or will it touch them and then pull back? I am betting on the latter. This market has run up WAY too fast.
On Fast Money tonight Carl Icahn was interviewed and he said "this market is sort of on a precipice and could go either way".
We shall soon find out. October has not been the kindest months to stocks.
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