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. 

With the Dow and S&P 500 at all time record highs, some may feel that the best tact is to just wait it out, hope for some kind of a pull back.

The stock market's profile has changed dramatically in the last year. 

In less than seven weeks time market psychology has shifted from a stage of panic to a hint of euphoria and we saw that little bit of euphoria playing out in yesterdays session. 

Yesterday's market gyration's are seen as relatively normal in the context of the volatility that has seen since August.

Wallstreet and Mainstreet anticipates a Fed's interest rate decision and that announcement coming in this afternoon.  Focus and attention regarding the Fed's anticipated rate cut.