Good morning,
Futures are near flat this morning, though off their overnight highs as oil prices are pushing higher.
As it stands now, there are a litany of concerns, but few signs that the seasonal roadmap and Q4 rally aren’t underway. In fact, the equal-weight S&P 500 is up six of seven days so far in October.
However, identifying leadership in rotationary environments that depend on the laggards picking up the slack can be tricky.
My best advice is to focus on what was working before the summer weakness showed up, and I believe not coincidentally, that’s where the best charts are found.
