Checking The Seasonality for Thanksgiving week shows the market up .63% for 70% of the time (statistics going back to 1941). The week after Thanksgiving is just up 50% of the time with an average loss of .14%. We are getting longer term bearish signs in the Cumulative Tick and the McClellan Summation index and stock above 150 day average. The High so far on SPX came on 8/15 at 2193.81 (not 8/23 at 2193.42 we said yesterday). It would seem that SPX will touch a new high first. We will keep our powder dry for now.
All the best,
Tim Ord
The Seasonality For Thanksgiving Week
Checking The Seasonality for Thanksgiving week shows the market up .63% for 70% of the time (statistics going back to 1941).
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