November 19 Premarket

We are heading into Thanksgiving week in the US and it is one of the best week’s of the entire year for performance, according to Bespoke. That performance is enhanced when the market is strong for the year heading into Thanksgiving, but the performance is less robust in years like this one when returns are less than 5% for the year heading into Thanksgiving – “during years where the S&P 500 was positive but up less than 5% YTD heading into Thanksgiving week, the index’s average change during the week has been 0.00% with gains less than half of the time.”

And – “On a day to day basis, for both all years since WWII and in years where the S&P 500 was up less than 5% heading into Thanksgiving week, Monday has been the worst trading day as it is the only day of the week with negative average returns and positive returns less than half of the time. Tuesdays and Friday (73%), however, have been positive days, though, with average gains of 0.10% and 0.29%, respectively. Additionally, for those years where the S&P 500 was up YTD but up less than 5%, Tuesdays and Fridays have been even stronger with average gains of 0.26% and 0.35%, respectively.”

Also, historically December is the best month of the year especially with “corrections” in October, and then historically late November on is another good period. As for this year as we stand – “as we move past Thanksgiving, though, seasonal trends for the market based on this year’s performance so far improve. In those years where the S&P 500 was up less than 5% YTD heading into Thanksgiving week, the average gains the week after Thanksgiving was 0.41% with positive returns 55% of the time. For the remainder of the year, average returns were even stronger at +2.83%. Not bad for a period of just over five weeks!”

So many DETAILED SPECIFIC discussions about the stock market last week (and every week). Pull up and study last week’s posts if you want.

Several weeks ago I began discussing telecom stocks, BEFOREHAND, doing my job here beautifully – have talked about them more than any other group by far – they have become the #1 sector. DISCUSSED BEFOREHAND. Remember I recognized the potential with the group IN A VERY WEAK MARKET– gave symbols as requested, NIHD and CRNT became outstanding movers, updated them constantly – consistently – out of both of them for now. I also discussed several other symbols, and which ones specifically and how and why I was interested in and which ones I am not interested in “..Mixed bag technically, I’ll let you go thru the charts, some of the stocks not angling up, nor showing RS, those I am not interested in..” – they have been outstanding – SHEN, CALX both up 15% and new highs, GLUU up 20% and a pullback, FN scratch so far, UBNT more all-time highs, plus VCRA more all-time-highs.

BTC getting clobbered again, slowly closing in on my long-term targets in price and time. Those were discussed 6 months ago, if you want further discussion let me know.

I have discussed the Chinese stock market multiple times the last several weeks and the technical action with charts, even with all of the problems it has become one of the strongest markets in the world since the recent lows:

It was discussed once again Friday, referring to previous comments:

“Discussed Shanghai multiple times and again recently:

Shanghai has not broken above and held, bko, a daily LHBL since the 3600 top, it tried at 2800, it is gearing up to try again, it would be a change of character.

And now on Friday in China, it closed the week above a LLBH for the first time since 3600. Pull up the chart if you’re interested.

I am including all of the charts which have been posted And again this business is pure hard work and consistency. Markets, tops, bottoms, accum reacc, distr, redist, trends, trading ranges – IT IS A PROCESS, hence OUR WORK needs to be a PROCESS. The vast majority of people show up only occasionally and can not figure out what the problem is – they will never succeed. Are you working hard at this, and with consistency? We all make our choices.