Closing Brief

A day when the market should have been shut. Effectively...virtually nothing to note, with the sp' closing +1pt @ 1771. The hourly index cycles have opportunity for a Tuesday rollover, best case downside for the bears remains 1735/30.


sp'60min

vix'60min

Summary

A day of nothing for the broader market.
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*since effectively nothing happened today, I'll skip the usual VIX/Index updates later.

next post at 11pm EST.
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Closing video from Riley...



I agree with his sentiment...market should have been closed today.

3pm update - I think the market closed four hours ago

The market remains a twilight zone of nothing. On what might be the quietest full trading day of the last few decades. Metals are trying to claw higher, with a moderate chance of a Tuesday gap higher. Oil is battling to close at the high of the day, +0.75%


sp'1min

Summary

Aside from that little twitch in early morning...we really should have been closed today.

No doubt, a fair few people thought the market was going to be shut for the holidays.
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DRYS has been attempting a rally after the major retrace.

Needs to clear $3.50/60 by end Nov, but more importantly, It will be tough to break >$4. 

2pm update - stuck in the low 1770s

The main indexes remain quiet, with the sp' stuck under the recent high of 1775.  Metals showing sign of possible late day claw upward. Oil losing its gains, now just 0.4% higher. Notable gains.. RIG and TLSA


sp'60min

Summary

Very little to note.

Hourly MACD cycle has a chance of rolling over early tomorrow.
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TWTR, daily

Just who is buying right now in the low 40s?  Maniacs!