I expect this week to start slow and pick up as the days go by following the Thanksgiving holiday.
Premarket action looks largely random, and we still have a few big companies on deck for earnings, including CrowdStrike, Dell, Salesforce, Kroger and a few others that are good for day and swing trading.
Another thing to watch is the bond market (TLT)… If it breaks to the upside, markets will go higher. If it breaks to the downside, it could put pressure on stocks.
I wouldn’t be surprised to see a little pullback before we head higher again. We’ve had a big move higher already, so we’ll likely dip a bit.
The Nasdaq 100 (QQQ) is also at a very strong resistance level, so consolidation is likely.
The Dow (DIA) looks really strong. That’s because institutional investors are buying up safer blue-chip stocks.
Don’t be surprised if you see stocks that had been falling start to move higher, names like Etsy and Dollar General.
We also have a big GDP report coming this week, so I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
P.S. Find Out How to Exploit This Little-Known Pattern!
Ever wondered how you can target 15% to 25% in extra cash every month? Well, you’re in luck because at 1 p.m. ET today, Nov. 27, Casey Stubbs is going to show everyone how…
That includes me because I’ll be there with him!
You can target this extra cash without hardly lifting a finger thanks to an automated trading robot he designed.
While we don’t have flying cars yet, we do have Casey’s robot trading assistant to do all the heavy lifting for us by exploiting a little-known pattern in a super specific market…
It’s not in crypto, bonds or the regular stock market…
