The major market indexes again rose slightly, on continued buying by institutional investors

The major market indexes again rose slightly, on continued buying by institutional investors in the absence of any negative economic/political news.

Our particular stocks were a mix of ups and downs, however, a reminder that our stocks are not all necessarily correlated to the broad market (and possibly an early indicator of a pending market correction?).  A number of long positons continued rising, but just as many retreated a bit, so that new weekly highs are fewer than in recent weeks.  A week of generally modest gains.

Half-way through October and no large market correction.  This interesting and atypical year continues.

Analytics:  Note that the number of trades signaled weekly is now lower, and expected to remain lower, than in previous months – as expected – in response to recent revisions that made the analytics less sensitive.

Also, each Level continues to hold a few positions that remain deeply in the red – a result of a different signal from the revised analytics a few months ago and subsequent decision to hold them through the counter-trend until they recovered.  While some are recovering, a few remain stalled or even worsening – these are being watched for potential exit if a productive reversal does not materialize soon.

Highlights:  6 new weekly highs in long positions.  6 stocks with double-digit long gains:

     FIVN +18%                                                                              BZH +53%                                         LPSN +109%           

     HUN +14%                                                                              FMSA +51%

     MESO +18%

                               

2 new weekly lows among short positions.  1 stock with double-digit short gain:

    EVTC +12%

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