The markets remain disconnected in the midterm. The S&P 500 (SPY  ) remains at the upper portion of what many believe will be the continuation of a downtrend. Flat on the week so far, the SPY has been unable to break through the $215 area that technical traders are calling resistance. On the other side of the market, the Nasdaq 100 (QQQ  ) made all time highs on Monday, as the uptrend continues its march higher and higher. Apple's (AAPL  ) earnings has had an effect on both the SPY and the QQQ. Time will tell how much effect it has altogether.

Gold (GLD  ) has been able to continue to move off its lows set back on the 7th of the month. A slow and steady push off those lows leaves the GLD just 2.5% of the recent lows. It should be noted that GLD is still down on the month, losing just over 3% for October.

The dollar (UUP  ) continues to rocket higher and higher. Tuesday's move to new highs set a mark not seen in over 8 months. The rally has come so far so fast that many believe it is due to take a break. For the month of October the Dollar is up over 3% with over 50% of the trading days being positive. For the year the Dollar is just 0.5% off it's starting point.

Bonds (TLT  ) have also managed to bounce off recent lows but at a much slower pace. So far this week the TLT is mostly flat but remains just over 1% off its last low price. Traders continue to boast the support in the $131 area, yet the bounce hasn't been all that exciting. As the election nears it seems that investors are content to wait for the outcome.