Welcome to Thanksgiving Week!
Welcome to Thanksgiving Week!
US market will be closed on Thursday with an early close on Friday for the Thanksgiving weekend, as such, it is going to be an extremely short trading week with low trading volume. And low trading volume week always mean a volatile week with relatively significant moves. However, the good news is that the volatility has traditionally been in the favor of the bulls on Thanksgiving week; This combined with the Dow and S&P500 both finding support at the top of their last neutral channel, increases the chances of a positive week this week. So far, Santa-Claus rally doesn't seem to happening this year... could it start this week?
US market will be closed on Thursday with an early close on Friday for the Thanksgiving weekend, as such, it is going to be an extremely short trading week with low trading volume. And low trading volume week always mean a volatile week with relatively significant moves. However, the good news is that the volatility has traditionally been in the favor of the bulls on Thanksgiving week; This combined with the Dow and S&P500 both finding support at the top of their last neutral channel, increases the chances of a positive week this week. So far, Santa-Claus rally doesn't seem to happening this year... could it start this week?
posted by Jason Ng at 6:26 PM
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