News:
On Thursday, the market posted modest declines. All win streaks were finally snapped.
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%
Technicals:
The selling barely moved the fear gauge…
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…
- RSI levels are neutral
- The put-to-call ratio is oversold
Timing:
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…
Watchlist:
*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
PINS support at $30