Market recap: Briefing on few concerns

Today is a flat session and $标普500指数 (.SPX.US)$ frozen at 3120 while $道琼斯指数 (.DJI.US)$ float into red as $能源指数ETF-SPDR (XLE.US)$ and $非必需消费类ETF-SPDR (XLY.US)$ pull down. So we are where we were last week with the market stuck in the same range. The market also has been expecting 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 observed the ATR which measures market volatility has dropped to its lows level of 2019. Low ATR means volatility is compressed, adversely a high ATR means there is a pullback against the market that may take place in ahead, so that's not signaling a bearish for me. Besides 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 not be determined 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 concerns of mine toward 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 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 observed from this market is the retail sector has gone totally wrong in the last 24 hours. $柯尔百货 (KSS.US)$ slumped 17% after it missed the earnings, $梅西百货 (M.US)$ hasn't had its earnings yet and the stock is plunged 10.90% today, $诺德斯特龙 (JWN.US)$ down another 6.26% today, and we already had $沃尔玛 (WMT.US)$ that missed on its revenue last week. These are having a massive negative influence on the retail sectors, speaks to more details to come out in days, this is starting to decimate the retail sectors.

So the next sectors to be watched are gonna be $非必需消费类ETF-SPDR (XLY.US)$ and $日常消费品精选行业指数ETF-SPDR (XLP.US)$. 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 losses.