News:
Markets held most of the recent gains on Tuesday.
The indexes opened red and trended gradually higher. The close was a mixed bag.
- Dow Jones -0.2%
- Nasdaq +0.3%
- S&P 500 -0.1%
- Russell 2000 -1.4%
Sector Round Up
Just 2 of the 11 sectors ended Tuesday’s session higher.
The winners were risk-on sectors…
- Technology (XLK) +0.6%
- Communications (XLC) +0.2%
At the bottom…
- Industrials (XLI) -0.8%
- Materials (XLB) -1.4%
- Energy (XLE) -1.8%
Technicals:
Fear remains absent from the market.
A VIX below 16 isn’t seen outside of bull markets. And we haven’t touched that level in over a month.
Your latest readout…
- RSI levels are mostly neutral—only the Dow Jones remains overbought
- The put-to-call ratio is neutral
Timing:
There are two more trading sessions to get through before the first big newsmaker of the month.
The November jobs report is due out Friday at 8:30 AM.
Watchlist:
*Low Float
^Open Position
*DRCT support at $12
*CHSN support at $4
*MYO support at $3.50
HRTG support at $8.50, resistance at $9.50
AAOI support at $16
HNST support at $2, resistance at $2.5
Secondary watchlist—float about 100 million
BLUE support at $4
AGRO support at $12
TALK support at $2
NMRK support at $8, resistance at $8.50
CLSK support at $8
^IOT support at $32, resistance at $35
GPS on watch
AFRM support at $35
LYFT support at $12, resistance at $13
SID support at $3.35