Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Halftime Report, Wednesday November 11: SPY Testing Resistance

|Includes: DIA, IWM, QQQ, SPDR S&P 500 Trust ETF (SPY), XLF

SPY is putting in some significant tests of the 110 mark today. SPY gapped up above 110 at the open, and chopped around the mark throughout the morning session ultimately breaking below it. Right now, SPY is around the same level it hovered at yesterday (109.9). The Financials are showing relative strength intraday, but are relatively weak on the daily chart.

The TICK is the only market internal that is really corroborating today's action. The TRIN is bullish, and the VIX is pretty bearish (up about 3%).


This is gonna be an interesting day, so be sure to check back this evening for your Post Market Analysis. Thanks for being a part of Always trade with a stop loss and manage your risk appropriately.

Happy Trading,