HeadlineCharts Saturday, October 31, 2026

General Stock Market CommentaryDisclaimer: I am not a registered investment advisor. I am a private investor and blogger. The comments below reflect my view of the market and indicate what I am doing with my own accounts. The analysis is not a recommendation for buying, selling, or holding any security. Take responsibility for your own decisions and accounts. Link to the most recent HeadlineChartsFriday's stock market session was just awful. Technology stocks sold off hard.The QQQ shown below was down 3.5%, which is huge, and it closed below its two- or three-month support level.The weekly doesn't look good either, but not as bad as the daily. The NDX is testing its 40-week average.Former market leaders have really rolled over; a good example is SanDisk (as described by Investors.com), which dropped decisively below its 200-day The small-cap technology ETF doesn't look too bad and is still holding above important support. In the current environment, this is a good ETF to watch. I would consider a breakdown from here very bearish.The SPX cap-weighted broke below its 50-day decisively, and the net number of new highs/ new lows remains quite negative.Oil prices continue to look like they will rise from here, although they could stall a bit and re-test the uptrend line under this heavy resistance level.The energy stocks look unstoppable at the moment.This energy infrastructure ETF looks ready to move higher above multi-month resistance. BullishGold has very decisively broken down. BearishOne last look at technology. The semiconductor ETF is certainly pointing lower. It could be headed towards the lows of April-2026. The technology ETF doesn't look as bad, though. Outlook SummaryThe medium-term trend is DOWN for Treasury bond prices (yields up, prices down)Strategy Deploy cash by adding to stocks while the market is near its short-term cycle lows.Raise cash by partial sales of stocks while the market is near its short-term cycle highs.Trader DisciplineCorrections are opportunitiesNever invest based on personal politicsStick to the trading plan and don't give in to fear, greed, or angerDon't allow success to lead to overconfidenceSitesFallon PicksMike BurkBriefing.comCNNFearAndGreedPodcastsInvesting with IBDOdd LotsRacism is never the answer