1. Euro to U.S. Dollar Exchange Rate Rolls Over in October.
Euro to USD Chart….Breaks Summer Lows…50day thru 200day to downside.
1. VXX Intermediate Term Volatility New Lows….-57% YTD
The iPath® S&P 500 VIX Short-Term Futures™ ETN is designed to provide investors with exposure to the S&P 500 VIX Short-Term Futures™ Index Total Return. The S&P 500 VIX Short-Term Futures™ Index Total Return (the “Index”) is designed to provide access to equity market volatility through CBOE Volatility Index® futures. The Index offers exposure to a daily rolling long position in the first and second month VIX futures contracts and reflects the implied volatility of the S&P 500® at various points along the volatility forward curve.
1.Consumer Discretionary Stocks have Tripled Since 2009…”Never Bet Against the American Consumer”—A Lesson I Learned on Trading Desk.
The Good News is that the Rest of the World wants to Spend Like Americans.
Yes, it’s true that if you’d bought the Consumer Discretionary Select Sector SPDRexchange-traded fund (ticker: XLY) eight years ago, you would have more than tripled your money—and earned more than twice the Standard & Poor’s 500 index’s roughly 150% gain.
XLY Consumer Discretionary ETF Rally from 2009 Vivid on Point and Figure Chart.
1. Euro Financials Showing Bullish Technical Action.
EUFN-Euro Financials ETF—50day thru 200day to upside.