Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Happy Thanksgiving :) Friday Should Be A Winner

Courtesy of Declan

Thanksgiving Wednesday was never going to generate an exciting day but it was good to see early week gains retained. Upcoming Thanksgiving Friday is typically a day when Junior traders go wild and decent gains are posted – even if trading volume is light. With last week's lead action I wouldn't be surprised if this pattern was to repeat.

Tech Indices have been leading the charge in recent days and I would look to the Nasdaq and Nasdaq 100 to be the primary chargers on Friday. Technicals are firmly in the green.

The Nasdaq 100 is a little weaker technically with the MACD trigger 'sell' still in play but given it's on the verge of a new 'buy' trigger it's still an attractive trading opportunity.


The S&P posted minor losses but is knocking on the door of new highs. It's still a few days from a new MACD trigger 'buy' but should this occur then look for a new wave of buying.
 


The Russell 2000 has enjoyed a very strong run of form but it may be a little stretched to keep this going on into Friday. Technicals are all net green so should this ease back into next week I would look at it as a buying opportunity – a retest of the 50-day MA would be ideal in this regard.
 


Friday could be short-but-sweet day of low volume buying. A feel-good Turkey blitz should be the order of the day given prior bullish action.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!