States. Hes at the Scranton International airport just outside the hometown of his opponent, joe biden. Former Vice President biden, step for step in pennsylvania at this hour. He just wrapped up an event in monaca, and will be heading to pittsburgh for two events later. Both candidates hoping lastminute stops in the keystone state will be the key to victory tomorrow. Lets curate crucial charts and numbers for you. The gravitational pull for stocks going both north and south, although with the nasdaq we look like we are going to go back up north for the moment after suffering its worst week since march, you can see the Dow Jones Industrials back on track for the bulls, up 423 points. Of course, on this first day of november trade, you have the nasdaq whipsawing up and down. Right nows t its down three points. Low of the session, a loss of 80. A high of 159. Trying to figure out the direction for that index. The vix or wall street fear gauge complacent at this hour. It actually, as we l
Its 46 waiting to apple, amazon, microsoft, facebook, and google. We are seeing the worst case fear on the part of investors that if those names go down it will take the market. We are seeing that split between the s p 500 and the nasdaq. Small caps getting a bid, which did not happen yesterday. David speculate with me. How much of this is the real world . We have the big european fiscal bailout approved yesterday. We are talking today about one in the United States. Is it possible this is reacting and stocks would do well if there was a recovery . Abigail i think this has more to do with trading and technicals. When you look at the rotations, there are many rotations going on week after week between the different sectors. It does not fit into one bucket , and lestlogy investors think one week unless investors think one week recovery. Where we have real euphoria is silver, up 60 . Gold lagging behind on the year. Gold is leading. It is not stocks that are getting a huge big rally out o
Capitulation. I think investors are trying to figure out when does it come. How do you know . Abigail you feel the panic and fear. Highyield is selling off , credit selling off. We are seeing the haven bid. The other thing you would want is that capitulation bottom. Technically, we are nowhere close to the bottom, so we could see days and weeks of this kind of relentless selling, very reminiscent of 2008. Take a look at the Energy Sector, down more than 15 , its worst day ever going all the way back. That is the degree of the fear, the uncertainty and the selling of an on today. David you are a technical person. Give me an example of resistance on the s p. Abigail we are looking more at support, which means we want to see where the buyers are stepping up. You want to go to a weekly chart on todays open. We are well through the 100 week moving average, which means we will probably find support down. If we are lucky, that is at 2640 , but i would make a case for 3300. When you have bonds
Making money. Im Charles Payne. Yes we are invested in you. Now over the next hour our studio audience they get to ask the questions. These questions will reflect the concerns of all americans. Questions that will play a decisive role in the upcoming election in how we tackle the pivotal issues of our time. By the way, allstar fox business lineup. Stuart varney, liz claman, dagen mcdowell. Give them all a round of applause [applause] we are going to tackle the war on the rich, student loan crisis, retirement. The economics of Climate Change. All of this and more, special Live Audience edition of making money. Bring them in. Stuart varney you know him. Host of the top market show on television. Varney company. Hi, everybody. [applause] charles thank you very much stuart. My pleasure. Were going to get right to it. I know that is how you like to do it. Situation son, give us your first question . I am a student, is it responsibility of the government to forgive student debt or cut the co
Making money. Im Charles Payne. Yes we are invested in you. Now over the next hour our studio audience they get to ask the questions. These questions will reflect the concerns of all americans. Questions that will play a decisive role in the upcoming election in how we tackle the pivotal issues of our time. By the way, allstar fox business lineup. Stuart varney, liz claman, dagen mcdowell. Give them all a round of applause [applause] we are going to tackle the war on the rich, student loan crisis, retirement. The economics of Climate Change. All of this and more, special Live Audience edition of making money. Bring them in. Stuart varney you know him. Host of the top market show on television. Varney company. Hi, everybody. [applause] charles thank you very much stuart. My pleasure. Were going to get right to it. I know that is how you like to do it. Situation son, give us your first question . I am a student, is it responsibility of the government to forgive student debt or cut the co