The Traderszone Network

The S&P 500 climbed on Wednesday to close 1.9% higher, defying historical data that pointed to Sept.

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The Dow Jones Industrial Average has suffered a third-straight quarterly decline, the longest such streak since the six-quarter stretch ending in the first quarter of 2009, and just the third such streak in nearly 40 years.
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Stocks closed out the last trading day of September with a bang, but still suffered big losses for the month and quarter. The Nasdaq bolted 2.3%, thanks to strength in data storage, biotech and chips. The S&P 500 rallied 1.9% and the Dow Jones industrial average gained 1.5%. According to preliminary data, volume ended lower across the board in the stock market today. For the month, the Nasdaq slumped 3.3% and the S&P 500 lost 2.7%.

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Blackhawk Network is at a critical juncture. It appears to be building a base, but it is trapped below its 50-day moving average, at least for now. Wednesday morning, the stock tried to break above the 50-day line, which often provides support or resistance for a stock, but it faded quickly. Blackhawk (HAWK) is a company that you may not have heard of, but you’re familiar with its products.

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Forex news for  US trading on September 30:
– Chicago PMI 48.7 vs. 53.0, estimate
– Dudley: Expect volatility to mount as liftoff gets closer
– Gold down $12 to $1115
The soft Eurozone inflation numbers continued and finally weighed on the euro as talk about more QE did the rounds. Most of the damage was done in Europe as the pair opened US trading at 1.1205 but dropped to 1.1158 before London closed. Afterwards it was a chop towards 1.1177.

Those who frequent these pages are well aware of what’s happened to Washington’s strategy in Syria over the past several weeks. Russia’s dramatic move to enter the fray has left the US trapped, as the West attempts to hang on to a narrative that’s no longer convincing even to a largely ignorant public. 

Now, the only thing left to do is either stand down and let Moscow do as it pleases in support of the Assad regime, or else get on board and acquiesce to the inevitable. 

Or, summed up in simpler terms…

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U.S. stocks are rising across the board Wednesday following big gains in Asia and Europe, a buoyant end to the worst quarter for major indexes in four years. Many stock benchmarks around the world have …