October 6, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Hidden Weakness

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 the stock market is nearing a record high.
• The chart shows a sustained new high would push the stock market above zone 1 (resistance).
• RSI on the chart shows the stock market is neither overbought nor oversold.  The RSI pattern indicates there is room for the market run.
• In The Arora Report analysis, in the middle of all of the bullishness, prudent investors should not ignore the concentration risk.