Observations Short term momentum indicators (Daily Stochastics, RSI and MACD) for North American equity indices turned higher yesterday. They also turned higher for equity indices of developed nations around the world The Bottom Line Short term technical signs by equity markets were encouraging yesterday. They occurred at an interesting time: On average, during the past 50 years, the S&P 500 Index and Dow Jones Industrial Average reached their seasonal low on October 29th and moved higher to the first week in January. Technical evidence is positive enough to resume equity purchases by adding to initial purchases completed during the past 10 days. StockTwits released yesterday @EquityClock Technical action by S&P 500 stocks to 10:00: Bullish. Intermediate breakouts: $CMCSA $MRK $WAT $XLNX. Breakdown: $K Editor’s Note: After 10:00 AM EDT, breakout: GM and breakdown: CNP Merck $MRK, a Dow Jones Industrial stock moved above $73.49 to an all-time high extending an intermediate uptrend. Comcast $CMCSA has a positive seasonal profile between now and mid-January. U.S. Dollar Index and its related ETN $UUP moved to 15 month highs. Editor’s Note: Conversely, the Euro touched a 15 month low Trader’s Corner Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for October 31st 2018 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for October 31st 2018 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for October 31st 2018 Green: Increase from previous day Red: Decrease from previous day S&P 500 Momentum Barometer The Barometer slipped 0.55 to 21.64 yesterday. It remains intermediate oversold and shows early signs of bottoming. TSX Momentum Barometer The Barometer added 3.73 to 17.43 yesterday. It remains intermediate oversold and shows early signs of bottoming. Disclaimer: Seasonality and technical ratings offered in this report and at www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed