Market Overview - The S&P 500 has shown resilience during earnings season, tariffs, and the government shutdown, only pulling back about 4% from all-time highs [2] - A bullish reversal candlestick formed at the 50-day moving average, indicating strong support and a continuation of the upward trend [3] - Despite some underlying issues like weakening breadth and volatility, bullish sentiment remains strong, with November historically being a strong month for market performance [4] Sector Performance - Ten out of eleven sectors are showing positive momentum, with a favorable advanced decline ratio and strong up to down volume [5][6] - Notable stocks such as Walmart, Netflix, and Microsoft are performing well, indicating broad market strength [6] Company Analysis: Oaklo - Oaklo has experienced a remarkable 1,000% increase from its yearly lows to highs [7] - The stock has faced resistance at the 423.6% Fibonacci retracement level, indicating a potential stall in its upward trend [8] - A bearish divergence in the RSI suggests caution, with a head and shoulders pattern indicating a possible reversal [9] Company Analysis: Expedia - Expedia has shown a bullish basing pattern followed by consolidation, setting the stage for potential upward movement [11] - A larger cup and handle pattern has completed, indicating long-term bullish potential [12] - The stock has more than doubled in price since its yearly low, with resistance levels around 285 and support around 256 [13][14]
Technical Tuesday: SPX, OKLO, EXPE