evening folks! Cray week in the markets after thanksgiving. We ended up 7-10% higher on all the indices after we had the worst thanksgiving week since 1930s! This is bear market trading at its best…with a nice dose of program trading adding oomph to whichever direction the markets is trending short term is leading to some great exagerrated moves. This week will be tricky. There is some optimism in the air which typically will happen after a market pop but we’ve seen this song before and we’ve tanked. We are at some key levels of resistance and now gone from shortterm oversold to overbought . Right now the market is going to need to give us direction instead of us predicting what will happen.
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