Since the Civil War, only one person has been elected to another office after being elected as the Mayor of NYC......How weird is that???

Micron’s earnings/guidance has pushed the key chip stocks we highlighted earlier this week above their resistance levels.  It’s doing the same for the SMH semiconductor ETF.

With the bond market experiencing a “sell the news” reaction to the Fed’s outsized rate cut, the housing stocks just might see the same thing over the near-term.  So, investors should be careful about chasing them up at these overbought levels…after such a fabulous run.

Several different chip names are sitting at key technical junctures, so Micron’s (MU) earnings announcement/guidance tomorrow night could be very, very important for the tech sector…and the broad stock market.

Natural gas is seeing signs that it could finally be reversing to the upside.  It will take a bit more upside follow-through to confirm the change in trend, but it’s getting quite close.  This could/should help some key energy stocks outperform in the last quarter of the year.