A Monday bounce…but let’s not get ahead of ourselves
Wendy Kirkland Market Watch November 2, 2026
Monday’s bounce is encouraging, but it doesn’t mean the market is out of the woods. After a rough Friday, all four major indexes were moving higher during her update. Still, the monthly charts for the Dow, Nasdaq, and S&P 500 were showing bearish signals, especially in the percentage price oscillator (PPO).
With the election, earnings, and broader economic uncertainty in the mix, she’s urging traders to stay cautious. The S&P has been mostly sideways for months, even with plenty of daily ups and downs. Some traders are using shorter time frames to catch quick moves rather than staying in trades longer.
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