Technical Analyst Says This Trend Indicates ‘a Market in Correction’

Let’s take a look at the markets. 

Bob Lang and Chris Versace, Action Alerts PLUS portfolio managers, discussed what they were watching in the markets. As a technical analyst, Lang has been hyper-focused on volatility. He discussed why he’s been watching the morning sentiment and tracking overall sentiment throughout the day in the video above. 

And, in economic data, headline CPI for the month of September was estimated to have risen 5.4% from last year, up from the 5.3% pace in August and near to the highest levels since 2008. On a monthly basis, inflation was up 0.4%, the BLS said.