MOMO BUYS ON IRAN HINTING AT SECOND FRONT AND ISRAEL ISSUING AN IMPOSSIBLE EVACUATION ORDER
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Contrasting Moves
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows that the stock market pulled back to the top band of the top support zone on rising yields.
- This morning the stock market is moving up, bouncing from the support zone on news from the Middle East.
- Prudent investors should notice a statement by Iran’s Foreign Minister Hossein Amirabdollahian in Beirut, Lebanon. He warned that there was a “real possibility” of opening other fronts if Israel continues to intensify the war in Gaza.
October 13, 2023