$SPY After Tuesday’s push to new highs, the Bulls
took a breather Wednesday. The Bulls are
still in control but they are losing momentum. The Russell 2000 has seen its
momentum indicators, such as MACD, Stochastic and ROC, fall into bearish
territory, resulting in a Sell signal on the $RUT. Wednesday we also saw selling among large cap
momentum tech names, such as AAPL, NFLX, and BABA. Although both the DJIA and
the S&P 500 put in another record Tuesday, the overall theme from the past
week hasn’t changed. Stocks need some pullback or sideways consolidations.
Some interesting ideas in the following article for
those seeking Thanksgiving week trading ideas.
For Black Fridaytrade that wins almost every year, think rich
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