Weekly Stock Charts
Identifying index & ETF trends in weekly stockcharts
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- Last Update: 22 November 2020, 7:52
Nov 22 2020 7:40A Update: Writing this now, so I don%27t get busy on Mon AM. This will be a special holiday week update. Thanksgiving week is a short week...usually short weeks tend to be choppy, but Thanksgiving week tends to be bullish until the day before T-day as investors anticipate strong black friday sales (ramp Wed + close near highs). Friday tends to be light volume, inside day action (Nov 27th stock market will close at 1P). And then we usually get a "sell the news" reaction on the following Monday ("cyber monday"). Doesn%27t matter if the news is "good" or "bad", they usually price in "good" news on the prior Wed. So, I%27m planning on trading to Wed close, raising a bunch of cash, taking Fri off and have plenty of cash ready for the following Mon/Tues. At worst, I%27ll get an extra day w/ family + fishing....at best I can avoid giving back nice profits (plus the family + fishing)....so win-win. That%27s my plan for the week. Hope it%27s a good week for you, too. Use stops, manage risk, + trade well. Good luck out there!
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