New environment

Today is the first day of October and the first day of the new quarter. We should see different players as the next few days unfold that will give us a better indication of where this market may be heading. The stock market had the best September since 1939! This is what happens when you have the Federal Government promising to prop up the U.S. economy at all costs. This is why the dollar continues to fall with gold and stocks continuing to rally. With elections nearing, we will have to see how the manipulators react in the next month. Technically we still have very strong resistance at the 1150 area on the S&P futures. If the bulls can close above this we should see another leg up. Today is a heavy news day so be careful as crosscurrents can be severe with the environment.