Market Summary

From the chart below it can be seen that the market has been going sideways for several months in a range from 1020 to 1130 on the S&P500 and has the shape of an inverse head-and-shoulders formation with the neckline at the 1130 area. If the market breaks above that area it would be very bullish. We are between the most recent high and low of August and so will have to watch and see which of these two areas is crossed first. Click on chart to enlarge.

Gold remains in the number one spot for the YTD period at 10.87% and natural gas is the dog of the group at -39.00%. Click on table to enlarge.