We haven’t seen many back to back winning weeks for the Dow Jones Industrial Average this year.
But we’re getting it in October, with the Dow rallying on both weeks this month.
This is only the 4th time we see the Dow close positive on consecutive weeks in 2022. About 2% last week and a little over 1% this week.
What’s interesting is that we still haven’t seen 3 straight weeks of gains for the Dow all year.
But as we enter the seasonally best period of the entire 4 year presidential cycle, will we see a 3rd straight up week?
Here’s what the Dow looks like:
Sorry (not sorry) to keep harping on the same thing. But it really is the June lows.
Those levels continue to come into play again and again and again. Not just in the Dow Jones Industrial Average. It’s June lows for S&Ps, Nasdaq, Small-caps, Mids, Micro-caps and many of the Sector Indexes.
The June Lows.
If you want to buy something that’s below its June lows, Don’t!
I mean, we’re all grown adults here. You do what you want.
But I’m not touching anything that’s below their Q2 lows.
It’s that simple for me.
But that doesn’t mean that we don’t have plenty to choose from.
There are winners out there, and we plan to keep riding them.
We’ll be going over everything we need to know as we make our way through Q4 this coming Tuesday night @ 6PM ET October 18th during our October Live Mid-month Conference Call.
ASC Premium Members can register for it here, if you haven’t already.
Also, make sure to ping me before Tuesday night if there are any additional topics you want to make sure we cover.
See you then!