Monday Feelings

First of all, September was not a typical market month. September tends to be one of the weakest months of the year for the market.

My personal opinion at this point is that the DOW will probably push to a new all-time high in the next few weeks.

It is once again earnings season and there have been very few earnings warnings during the last couple of weeks. Without the normal amount of earnings warnings, the market analysts are thinking that the current 14% increase in the S&P 500 earning estimates will hold.

Bottom Line – There is always a lot of volatility around earnings season, so I need to stay alert and trade with discipline.