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Investors Riding The Wave

By jnyaradi
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Courtesy of John Nyaradi.

I predict a stock market rise for Monday, November 25th, 2013 as investors are likely to continue riding the wave

stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USOThe Fortune Teller Speaks:

I predict a stock market rise today, due to continued bullish sentiment, new stock market records last week, and hope that Iran may actually disarm itself.

Wall Street Beats & Jives:

All eyes are centered on Iran right now, which just negotiated a new deal with Washington over its nuclear weapons program.  Iran agreed to stop making nuclear fuel in return for eased economic sanctions from the US.  Oil prices are likely going to decline from this deal today, as a less threatening Iran likely means more oil production and thus lower prices.  But given how short sighted investors are these days, we just might forget about this whole Iran thing by Tuesday.

This week also holds the famous Thanksgiving Holiday and the infamous Black Friday shopping spree.  Many retailers in the US live and die on this Friday alone, and investors will be looking at every piece of Black Friday sales data with a magnifying glass.

Monday also brings us the Home Builder’s Index report at 10 AM EST, although I doubt investors will react too much to a positive or negative result of this report.

Click here to learn more about John’s book and for a free membership to Wall Street Sector Selector

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