November 24, 2021
Good morning MonsterTrades Community. We enter the last session before the Holiday. Volume has been extremely low; however, trend lines continue to be respected. During yesterdays market action we had both the QQQ's and SPX hold their 21-MA yesterday. The IWM experienced monster price action considering what was taking place with the overall market. We had growth names that were recently beaten-up lead in turning higher yesterday. Even AMZN bounced nicely. As a reminder, do NOT get caught with day to day "market themes", follow your trend lines as we follow ours and continue to set us up well for the weeks and months to come.
No changes needed to our current holdings for the open. We might add a new opportunity today, want to watch volume and price activity early on. After today's session we are off tomorrow for Thanksgiving holiday but we are back at it for Friday's half day session. The day after Thanksgiving has been a huge trend day over the last several years. Excited to see what this year brings. Let's have a great session!
