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The Dow and S&P 500 fell for a 5th straight day yesterday as the country moved closer to the end of the fiscal year without a continuing resolution that would keep the government fully funded. It hasn't been a complete sell-off, but there's some obvious jitters which may keep the usual dip buyers at bay until next week when we could have a budget.

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There has been a lot of talk about the impasse in the House and Senate over passing a continuing resolution before October, 1 and a possible government shutdown. Its business as usual if you’re considered an essential employee that has responsibilities for national security, air traffic control, information technology and the like; and if not –well may be time for a furlough type vacation. There have been 17 government shutdowns in U.S. history, spanning 1976 to 1995, lasting 1 to 21 days. The ...

It was a bit of a rollercoaster day for stocks yesterday as the indices went straight down at the open, then straight up from about 10:30 to 11:00 AM ET to get back into positive territory, and then it went for the final plunge into the close.

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Stocks pulled back yesterday but the damage was contained and so far nothing serious here. The Dow lost 50-points and the C, S, and I Funds all lost less then 0.50%. Bonds were up as yields dipped and are testing support.

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So this week's sentiment survey shows 57% bulls vs. 35% bears, but all this bullishness isn't showing up in stock allocations across the auto-tracker. For the fourth week in a row stock allocations have dropped. This time by 1.55% to a total stock allocation of just 40.12%. Statistically, the market tends to rise when allocations drop below 40% and we're pretty close to that level now. Even if the major averages fail to rise next week, it still implies some measure of support for the market overall. ...