FED: US TSY TO SELL $77.000 BLN 26W BILL DEC 15, SETTLE DEC 18

• Stocks are mixed Tuesday, the DJIA outperforming weaker in SPX eminis and Nasdaq ahead midday. Generally muted activity on the Veterans Day holiday - while AI valuation concerns hampered chip makers again. Otherwise, risk sentiment was stable ahead of Wednesday's House vote to re-open/fund the government through Jan 30.
• Currently, the DJIA trades up 295.33 points (0.62%) at 47664.09, S&P E-Mini Futures 15.75 points (-0.23%) at 6840.5 Nasdaq down 184.6 points (-0.8%) at 23343.99.
• Reversing Monday's support - technology stocks led declines in the first half: Lam Research -4.20%, Hewlett Packard Enterprise -4.08%, Vistra -3.96%, Oracle -3.89%, Dell Technologies -3.82%, Micron Technology -3.65%, Teradyne -3.44% and NVIDIA -3.18%.
• Consumer Discretionary and Communication Services sector shares followed: Tesla Inc -2.62%, Tapestry Inc -2.55%, Chipotle Mexican Grill -2.17% and Garmin -2.01%; Meta Platforms -1.41%, Live Nation Entertainment -0.61% and Alphabet Inc -0.55%.
• On the positive side, a mix of Energy and Health Care sector shares led advances in the first half: Paramount Skydance +10.36%, Dexcom +5.62%, Viatris +5.26%, Align Technology +3.78%, Devon Energy +3.66%, Merck & Co Inc+3.46%, International Flavors & Fragrances +3.38% and ConocoPhillips +3.37%.

• RES 4: 114-02 High Oct 17 and the bull trigger
• RES 3: 113-29 High Oct 22
• RES 2: 113-18+ High Oct 28
• RES 1: 113-02 High Nov 5& 7 and a key near-term resistance
• PRICE:‌‌ 113-00 @ 16:47 GMT Nov 11
• SUP 1: 112-09+ Low Nov 5
• SUP 2: 112-08+ 38.2% retracement of May - Oct Upleg
• SUP 3: 112-08/06 100-dma / Low Sep 25 and a reversal trigger
• SUP 4: 112-02 Trendline support drawn from the May 22 low

A short-term bear theme in Treasuries remains in place. Attention is on a reversal trigger at 112-06, the Sep 25 low, and the 100-DMA, at 112-08. A clear break of these price points would expose a trendline support at 112-02. The trendline is drawn from the May 22 low. Resistance to watch is 113-02, the Nov 5 and 7 high. Clearance of this level would highlight a potential bullish reversal.

• +47,000 TYF6 114 calls, 29 ref 112-31.5/0.30% - open interest 51,680 coming into the session
• Extending duration: Same acct (likely) bought hundreds of thousands of Dec'25 low delta calls in the last couple months - but Dec expires in 10 days - so they are repositioning in January now:
• paper +50,000 TYF6 113.5 calls, 27 yesterday and last Thursday: +100,000 TYF6 113.5 calls, 30-32 vs. 112-18/0.32%)