EXACTLY What I Will Be Doing On Friday
Looking to the indices, on Wednesday, the Nasdaq opened
firmer but quickly found its high and began to sell off. It found its low by
mid-day and generally worked its way higher for the remainder of the day.
The S&P put in a somewhat similar performance. This
action has it closing just shy of new highs for the year.
So what do we do? This is exactly
what I’ll be doing on Friday: “tailgating” for the LSU/Arkansas
game. And, I suggest you take the day off too. Trading around holidays is
normally not prudent due to thin and choppy conditions.
No setups tonight. Hope to see you at the game (I’ll
be the guy cooking hot wings with the “Don’t F*** With The Cook” apron
on).
Best of luck with your trading on (or not trading) on
Friday
Happy Thanksgiving (and for those that live outside of the
U.S., Thursday)!
Dave Landry
P.S. Reminder: Protective stops on
every trade!
P.P.S. Learn my best swing
trading strategy in my new interactive CD-ROM. Click
here now for details.