Hope everyone enjoyed their Thanksgiving feasts and have sent their best sprinters out this morning for the Black Friday sales. One member told me his wife made sure she would wear elbow pads this year to add a little more confidence as she plans to push her way to some under-the-tree gadgets.
I added GLD & VRX to the Featured Stocks Cheatsheets. I’m looking for atleast 2 more to add and might get a closer look at DIA – the ETF of the Dow Jones Industrials. Any suggestions of a ticker or two, message me in chat.
I won’t be around much during this short trading session, but I did include a video about the state of the market and what we (or atleast I) see moving ahead into next week’s JOBS report.
All those who are planning or have 1-on-1 calls with me, message me on Slack and let’s get it going.
Wednesday:
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The video attempts to make sense of this 120+ point move upward and where we’re likely heading into next week Friday’s JOBS report. Sellers were pretty much gone this week and it’s allowed for the pattern to continue upward – a move which was expected to happen on this light volume holiday period.
Into next week, we have little to no impactful news on Monday, but kick off Tuesday with some data pre-market that will be watched closely:
- 8:30 GDP (QoQ) (Q3)
- 8:30 GDP Price Index (QoQ) (Q3)
- 9:00 S&P/CS HPI Composite – 20 n.s.a. (YoY) (Sep)
- 10:00 CB Consumer Confidence (Nov)
Wednesday is a much bigger data dependent morning with some preliminary JOBS data and possibly some Oil news:
- 8:15 ADP Nonfarm Employment Change (Nov)
- 8:30 Core PCE Price Index (YoY) (Oct)
- 8:30 Personal Spending (MoM) (Oct)
- Tentative OPEC Meeting
- 9:45 Chicago PMI (Nov)
- 10:00 Pending Home Sales (MoM) (Oct)
- 10:30 USD Crude Oil Inventories
