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Market Review:
News
A new Speaker of the House has been selected and placed.
The geo-political situation remains what it is.
Earnings season continues to roll through the market.
ES futures have traded below the June 2023 low.
The low of October is currently 4171.00. We could have lower prices. On Tuesday we talked about 4178.00 being the June lower. Today is Thursday, and for the first time since June, the market has traded below 4178.00. Our next major support level is likely 4127.00.
On Monday, the ES made a new low for the month at 4213.25.
AMZN reports after the bell today, October 26. AMZN opened the year at 85.46. They rallied up to the open of July at 130.82. AMZN moved up to 145.86 in September. The October open is 127.28. AMZN moved down to a low of 120.79 on Wednesday. That is the lowest the stock has been since July 1, 2023. The June low was 119.93.
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