Hello Everyone,
XLRE, ERY, ATUS, SPXU new Trade Ideas added
Quick Notes:
Consolidation day for the markets with a slight down day for most of the indexes, while the IWM Russell 2000 closed down the most -1.3% (but is approaching major support at previous resistance, now support the September highs. FYI the VVIX closed above the 110 Vomma line today, therefore short term some caution is in order. I added SPXU as a trade idea to the watchlist. And speaking of Watchlist trades - I'm keeping it very brief tonight.
Realize that next week is Thanksgiving Week, generally the market rallies late in the weak, with sometimes some weakness early in the week.
IWM is one of the index ETF's to monitor as it's corrected the most vs the other indexes and is not to far away from major support zones
Matt
