11/10/23 Snapped!


On Thursday, the market posted modest declines. All win streaks were finally snapped.

Image from iStock

Each index finished lower…

  • Dow Jones -0.6%
  • Nasdaq -0.9%
  • S&P 500 -0.8%
  • Russell 2000 -1.6%

Sector Round Up

All 11 sectors ended the session lower.

Falling the least…

  • Communications (XLC) -0.0%
  • Industrial (XLI) -0.2%
  • Energy (XLE) -0.3%

At the bottom…

  • Real Estate (XLRE) -1.5%
  • Consumer Discretionary (XLY) -1.9%
  • Healthcare (XLV) -2.1%


The selling barely moved the fear gauge…

VIX Daily Candles – Chart from thinkorswim

The VIX maintained its ultra-bullish stance below 16. 

Thursday was the 5th day in a row that it stayed below 16 for the entire session.

Your latest readout…


Next week, the market will have more to digest than just earnings.

  • CPI report drops Tuesday
  • PPI report drops Wednesday
  • Options Expiration is Friday

Despite the selling yesterday, our watchlist is growing…


*Low Float
^Open Position

*TNON on watch
*SHOT support at $1.60
*SKWD support at $29.50
TOI support at $2
^WRAP support at $2.50 / 2.75
DUOL support at $180
TAST key level $7.50
METC on watch
ALKT support at $20, resistance at $22
RAMP on watch

Seconard watchlist—float about 100 million

ROVR support at $7
KD support at $17
support at $30

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