Good Morning Friends.
As turkey day draws near the market continues to climb with the Dow leading the way. The DIA, IWM, and the SPY have all made new record high levels but the QQQ has yet to do so. Looking at the chart I suspect it will catch up and print a new record high soon, possibly even today.
WE have existing home sales on the economic calendar at 10 eastern time today . This number in the past proven to move the market so wait and watch for the reaction.
There is little left to say this morning except we could easily see volumes dropping today as may traders will likely head out early for their holiday plans. The market is bullish so it’s okay to get long but I would use caution about getting too long ahead of the holiday.
Trade Wisely,
Doug
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