The Daily Observations 30 Nov
Daily Market Observations. SPDR sectors performance. SPY Snapshot.
Hello everyone,
Quick note, we are now calling this segment The Daily Observations. The same content as Market: The Good and The Bad.
Market Performance

- Just when we thought the Omicron news is behind us, it is not.
- The market retreat today by almost 2% across the board.
- The VIX is up north of 18% at close.
- TNX and TNY down shy of 1%.
Sector Performance
- All SPDR sectors are sporting all red today.
- Technologies (XLK) and Consumer Discretionaries (XLY) shamelessly leads the pack.
- The worst hit are Communications (XLC) and Utilities (XLU)
- Weekly percentage: XLE (flat at 0.00%), XLRE (-1.72%)
Daily SPY Snapshot

- SPY is below the SMA30 once again.
- Relative strength index sharply changed direction.
- Will it touch the SMA50 tomorrow? Goodness, I hope not.
- Let's hope to see a bullish harami tomorrow and let the Christmas rally starts. It's first day December anyways, right?
Note: Not a recommendation. Please consult an investment professional before making investing decisions.
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