Join YouCanTrade coaches at this week’s MoneyShow Virtual Expo!
Wednesday, November 18 at 4:40pm EST – Matt Hensley “The Importance of Trading Psychology – Especially This Year”
Thursday, November 19 at 1:20pm EST – Eric Waddell “The Biggest Mistakes People Make When Trading Futures”
Sign Up Here!
Friday gave us a low volume, but positive session as the markets took the week to fully process the election and the announcement of a COVID vaccine. Retail and destination stocks led the way, with some airlines moving to six month highs. The markets will continue to weigh long term optimisim with short term pessimism, as a rocky presidential transition and COVID numbers reaching new daily highs. Parts of the Midwest are headed back to full or partial quarantine, and New York appears likely to close schools, keeping our focus on the ‘connector’ names, both business and recreational.
We have a full week of trading this week before moving into Thanksgiving, and we can expect the ‘smart’ money to begin it’s positioning for the final six weeks of this unusual year. Happy Hunting!