News:
On Friday, stocks capped off a lackluster week with another dull day of trading…
The indexes moved from red to green and back again throughout the trading session. The swings were tame, and at the end, they all settled slightly higher…
- Dow Jones +0.1%
- Nasdaq +0.1%
- S&P 500 +0.1%
- Russell 2000 +0.1%
Instead of red or green, gray was the dominant theme…
Chart from FinViz
Sector Round Up
The sectors ended the day mixed … of the 11 sectors in S&P 500, 6 finished higher.
Only one changed by more than 1%.
At the top…
- Consumer Discretionary (XLY) +1.1%
- Consumer Staples (XLP) +0.7%
- Healthcare (XLV) +0.7%
At the bottom…
- Energy (XLE) -0.6%
- Materials (XLB) -0.9%
Technicals:
$410 is the key level for the SPY to hold this week…
SPY Daily Candles – Chart by thinkorswim
A break below would favor the bears.
But the current conditions are not primed for selling. The bulls appear to be holding on and not giving up much ground.
Here’s our latest reading…
- The VIX is holding near 52-week lows
- RSI levels are neutral
- The Put-to-Call Ratio is neutral
Timing:
Big tech will announce Q1 results this week and provide some forward-looking guidance.
The big names everyone will watch include…
- Microsoft (MSFT) Tuesday after-hours
- Alphabet (GOOG, GOOGL) Tuesday after-hours
- Meta (META) Wednesday after-hours
- Amazon (AMZN) Thursday after-hours
Watchlist:
*Low Float
^Open Position
*ARBB on watch
EYPT on watch
AUGX on watch
TMDX support at $80
SONM support at $1
ALDX support at $10
CLSK support at $4, resistance at $5
WW support at $8
TNYA support at $4
LVO key level at $1.40
VKTX support at $20
TDUP support at $2.60
OCUL support at $6
^EMAN support at $2, resistance at $2.40
CBAY support at $10
Secondary watchlist—float 100+ million
^IOT support at $21, resistance at $22
IRDM support at $65
XERS support at $2.20
TGTX support at $20
RIOT support at $10
HIMS support at $10
LEGN on watch
^IONQ support at $6, resistance at $7
ARDX support at $4.20, resistance at $5