$SPY Stuck In The Middle

$SPY continues to make its way up to last weeks highs, but can’t seem to get the momentum it needs. The ETF is stuck between its PM levels in today’s session and is currently making its way back down south.

We have been seeing higher highs since last Friday lows, however this $SPY 343 may be its ceiling for the near-term. Either way, trade the flow and avoid the traps along the way.

TikTok continues to be in the headlines with Oracle’s bid still needing political approval from the Donald. This has turned out to be a 3-ring circus. Anything for political attention just before the election – whatever it takes. Just more b.s. to keep you entertained.

Sectors are trading green heavy in today’s session with a 9/2 bull split. Energy finds itself at the top of the bull list, trading up +4.18%. IT and Communication Services are the two lone bears of the bunch.

Our top 10 Smart Money Movers are:

$ARWR trading up over 48%
$APPS trading up over 10%
$DKNG trading up over 9%
$NVAX trading up over 11%
$FDX trading up over 6%
$LVS trading down over 3%
$NEE trading down over 4%
$ILMN trading down over 6%
$SYNH trading down over 6%
$CWH trading down over 6%

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