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What a ride. Let's take a statistical look at the month the markets will never forget.
Nasdaq - Largest monthly point gain since 2001
S&P - Largest monthly point gain since 1981
Dow - Largest monthly point gain EVER
Yes there's still one more trading session to go before the month ends but we closed bullish at the top of the daily range. The overnight rally which sparked on the London open and the two subsequent rallies to our Weekly Trading Zone at 1281/1282 were stopped dead each time. Sunday night a gap higher open is certainly possible. We've all heard the deadliest month for stocks is October. From a pure statistical standpoint it's really September. This month may rewrite the history books once and for all. Don't forget, according to the historians and statisticians November is the BEST month for stocks. Needless to say the markets could get extremely volatile as we slip and slide into the New Year which is also a Presidential election year which according to the history books is - you guessed it - Bullish.