Thanksgiving Week!

Yes, its thanksgiving week this week and can we give thanks to the GDP number that is due this week as well (see economic calendar)? Make no mistake, the GDP number is going to come in negative again this time round, in fact, it could come in worse than the last quarter, making this a recession even in the academic sense (2 consecutive quarters of negative GDP). In fact, I also expect next week's unemployment number to hit a new high. So what does last Friday's "rally" mean? Make no mistake, last Friday was NO rally. In technical analysis, that was merely a normal pullup within the frame work of an internediate downtrend. In fact, last Friday made yet another lower high and lower low, which again is a bearish sign, not a bullish sign. Mondays have an abnormally high negative day rate and I think we should see the market come down on Monday, resuming its down trend. We are still in a bear market, make no mistakes about that and this holiday shortened week would only add to the uncertainties and result in more selling.


List of Volatile Options Strategies With Limited Risk & Unlimited Profit Potential!

Find out how I made 61% Profit on BTU Last Week!