11/6 Watchlist & Review

Overall a rather flat day in the markets. Utilities had a nice mid-day bid which finally seemed to qualify the S&P into hourly propulsion after a few failed attempts intraday. Bonds remain flat-ish, looking to catch up and make another leg lower of about 60 basis points.

Overnight, some volatility coming into the carry pairs. S&P futures still not clearing the 2020 level. IMO, this is a tricky area and day. I’ve this setup go much further on a higher time frame which is why I still have a bullish lean but if market breaks the 2020 area and fades against it, will be quick to switch bias to short side and look for DeMark propulsion trades down.

AAPL is having trouble holding above 109, hourly DeMark sequential came in on Monday and now its hanging on to the intraday demand line.

FB similar story, having trouble after earnings. Battle lines drawn intraday to risk against

Financials had a nice morning dip, expecting some follow through higher. Watching C, WFC, JPM

Summing it up, had a rather poor few days after capital bump and getting adjusted mentally to new size, will be playing light as I was locked out the last few days and gave back a good chunk of last month’s gains. Good luck.