Update 12 7 21 – The original “setup” for T-Week did not work. But overall I am bullish, (it will be volatile), and did ONE average down. I never do more than one average down. This morning I took full profits, see chart. –
Since 1950 the last five trading days of November are traditionally positive. That is 70% probability the market is up on the day before Thanksgiving and a 67% likelihood the day after Thanksgiving, and a 71% likelihood that it’s up on Monday after Turkey Day. I am long SCHA (IWM ETF). The Russell is bullish:
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
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