Market recap: Briefing on few revisions

Today is a flat session and $S&P 500 Index(.SPX.US)$ Frozen at 3120 while $Dow Jones Industrial Average(.DJI.US)$ Float into red as $Energy Select Sector SPDR Fund(XLE.US)$ and $Consumer Discretionary Select Sector SPDR Fund(XLY.US)$ Pull down. So we are where we were last week with the market stuck in the same range. The market has also been considering the trade deal and so far there is absolutely nothing that comes out.

(S&P 500:3120.18 -0.06% DOW: 27934.02 -0.36% NASDAQ: 8570.66 +0.24%)

Through all these indicators, I have measured the ATR which measures market volatility has measured to its lows level of 2019. Low ATR means volatility is compressed, arguing a high ATR means there is a pullback against the market that may take place in advance, so that's not signaling a bearish for me. Among those sectors, I've seen the health care sector is moving uptrend, the technology sector is moving uptrend, financials are moving uptrend. A bearish market can't be considered at least by these sectors, if we wanted to see a bearish session we will see utilities and consumer staples come to play if there is a bearish environment.

But there's also a couple of advantages of mining the overall market. First of all, crude oil falls 2.3% to $55.74 per barrel while gold inched up 0.2%. Oil has not been in play in the last 3 weeks and been trading in the 56-58 range, today it broke. Because it broke, it tanked the entire energy sector down with it. On the other aspect consumer discretionary has taken a leg out of this market, and we are about one week ahead of Black Friday. Since Black Friday is the high season for sales in the U.S., what I thought from this market is the retail sector has gone totally wrong in the last 24 hours. $Kohl's Corp(KSS.US)$ slumped 17% after it missed the earnings, $Macy's(M.US)$ Hasn't had its earnings yet and the stock is plunged 10.90% today, $Nordstrom(JWN.US)$ Down another 6.26% today, and we already had $Walmart(WMT.US)$ That missed on its revenue last week. These are having a massive negative influence on the retail sector, speaks to more details to come out in days, this is starting to decimate the retail sector.

So the next sectors to be willing are gonna be $Consumer Discretionary Select Sector SPDR Fund(XLY.US)$ and $Consumer Staples Select Sector SPDR Fund(XLP.US)$. Since the XLP especially around its new highs recently, traders should be aware of there is a wild reversal that may take place out there. And keep eyes on taking gains and stop losing.