Gene talks more about the bullish characteristics in this market that have been responsible for its durability and elasticity. 

The Dow Jones Industrial average setting another new record high. Finishing above 42,800.

Some big banks are reporting this morning and others next week. The bank earnings that have come in this morning have been received positively by investors. 

Yesterday's decline was not unique to the month of October or for that matter the period between August and October which historically presents technical headwinds for the market. 

Gene comments about the bullish underlining technical foundation of this market, particularly going into the month October. 

Gene discusses his revised support levels for the major market indexes. 

Escalating tensions in the Middle East, put heightened focus on Aerospace and defense stocks yesterday. Aerospace and defense is a subcategory of the Industrials; one of the stronger performing sectors in the S&P 500. 

The stock market has navigated impressively through the first 2 months of this 3 month period of August- October, that historically has presented some technical, cyclical and seasonal challenges for the stock market. 

The historically worst month of the year is proven to be one of the better month's of 2024. The major market indexes are gaining ground. 

Semiconductor stocks could be readying for another move to the upside.