Avoid Becoming the Thanksgiving Turkey – Stop Trading After 3 Hours

November 23, 2016
Author: Peter Stolcers, Founder of OneOption

If my comments are helping you make money PLEASE POST A REVIEW ON INVESTIMONIALS Posted 9:30 AM ET - The market is taking a breather after making a new all-time high. Japan was closed and traders are traveling for the holiday today. Cut your size in half and stop trading after the first few hours today. If my memory serves me, Black Friday is bearish and Cyber Monday is bullish. The net result is a wash. European flash PMI's were better-than-expected and that should keep a bid to the market. Yesterday we nailed an excellent trade in the chat room and we focused on one stock. It made her day and there wasn't anything else worth looking at. Today will be even slower. Let the early selling abate and once support is established, start buying strong stocks. Support is at SPY $219.30 I will not be posting comments Friday. Happy Thanksgiving! . . image

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