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Thanksgiving

Nasdaq average returns (before and after) ThanksgivingBased on the observation that US equity markets tend to perform well heading into Thanksgiving, we decided to take a proper look at the figures. And it turns out, the Wednesday ahead of Thanksgiving tends to average the strongest positive returns of 0.54% with an 80.6% win rate. The Nasdaq followed its seasonal tendency to rise on Monday, and closed at a 22-month high above 16k. Whilst Tuesday tends to be a down day, it has risen 52.8% of the time which explains the positive median return. But in a nutshell, the Nasdaq tends to rally into Thanksgiving and weaken the following Monday. And with RSI 2 and RSI 14 overbought alongside hype of strong Nvidia earnings, bulls may want to err on the side of caution next week - especially if we see a strong rally on Wednesday.
NASDAQ:NDXLong
by CityIndex
Double Bottom Reversal on 20 Yr Treasury BondAfter almost a year since I published this short idea for TLT. The first bounce this summer was quickly snuffed out by the uber hawkish Jackson Hole speech from Jerome Powell when he told the world there was more blood to come. A lot of bulls and bears have been hung out to dry over this year long bear market. I don't know what every one was smoking this summer thinking Crypto was going to save them from the most difficult bear market since 2008. A year long bear market that was testing just how much banks learned from the 2008 housing crisis. Did Jerome Powell actually stave off a global financial crisis. The 10Yr yield is rolling over after pointing to 2008 levels. I'm not convinced the worst selling is over, but the next month up to Christmas is a seasonly strong period. Short term volatility may be in for a post thanksgiving pop like last year, but continues to compress into winter regardless of the bad news. The S&P should be testing the 200D moving average around the time the next CPI prints in Dec. While Volatility lets out the last of the bear market volatility. Skew is not. This should concern anyone with financial assets. Lots of charting ideas coming this Christmas. * IchanOt believe what I heard today. * Santa Clause Rally predictions. * Breaking down what inflation will do next. * Is reading Gamma a reliable indicator. In the mean time, have a great Thanksgiving. If you don't live in Ukraine you have a lot to be thankful for. Peace and Prosperity are far greater than the Put.
NASDAQ:TLT
by SPYvsGME
1
UBER Green For My Wife's Boyfriends' DUII know some of you must be thinking that the gap is not fully filled and it will fill it. However, the chart shows that it doesn't care about that and is so far respecting the trend line. A break of the 1st resistance and upper trend line will send this up. One thing to keep an eye out that could affect the technical analysis is their next earnings report as earnings reports are always gambles and have unpredictable effects. An entry now would be a little bit risky now but could profit some from the bounce on the bottom trend line currently to the top trend line. A break of the bottom trend line negates the technical analysis. Happy Thanksgiving Everyone! *Trade at your own discretion and have due diligence of your own!*
NYSE:UBERLong
by Red_Ink
Bitcoin behavior after ThanksgivingFrom the last 9 Thanksgiving counted since 2012 the Bitcoin price more or less bottomed out at this date 7 times (green arrows). So there were nearly no lower prices afterwards until Bitcoin reaches the next Top. Note: to count 7 of 9 times I evaluate the price drop because of Corona as not countable since every asset on world went down at that times. Only in the bear markets first year 2014 the price went significant lower (red arrow). In the first bear market year 2018 I evaluate the price drop with a orange arrow. By looking at the PI Cycle Tops combined with the Log Growth Curves it is hard for me to imagine that we won´t see a second Top soon. *no financial advice do your own research before investing
BITSTAMP:BTCUSDLong
by Crypto4Everybody
A Trader's ThanksgivingThanksgiving is a distinctly American holiday, where our nation takes pause to reflect on all the things we have to be thankful for due to the actions of a courageous band of dedicated men and women who crossed a dangerous ocean to an unknown continent for the simple hope... of freedom. As traders, I am glad that we all, regardless of our national origin, our political bent, our religious affiliation, (or most importantly, a preference of Star Wars over Star Trek), we indeed have so much to be thankful for. In my early days of trading classes a common statement from my classmates to our instructors was "I wish I started trading 20 years ago like you did!" And inexorably the instructor would say, "No you don't... *today* it's so much better to learn how to trade... The entry level is so low... you don't have to go to an exchange every day... you have immediate access to a global market with a simple app download or a click of a browser," and the list went on... As a trader, I am thankful that we can make money regardless of economic ups and downs, that every day can be a "green day" in our account even when the S&P, Crude Oil, or whatever it was that had a red-candle day because we have the ability to go short as well as long! As a trader, I am thankful that we have access to a world of free information like BarChart or CMEGroup that can tell us things like what is the current contract, when are economic reports coming out, and technical analysis. As a trader, I'm thankful to all the free tools available, like the free version of TradingView, Google Docs and Spreadsheets, YouTube, and so on. As a trader, I'm thankful for the overall giving nature of our community, that traders generally and genuinely like helping fellow traders. Unlike Corporate America where it is dog-eat dog, or owning a business in a niche market where there is great competition to attract a limited number of customers, the opportunity for all traders are for all intents and purposes, *infinite*, and we all share in the collective success of the entire group! As a trader, I'm thankful that I have no one to ask permission to take time for a family emergency, a medical emergency, a vacation, or anything that would normally interrupt or cripple a business owner's income or an employee's job security, and when I'm ready to get back to trading, the market will be right there waiting for me. As a trader, I'm thankful that we have access to markets nearly 24x7 so we can work as much or as little as we like or need, and opportunity isn't governed by asking someone for the privilege to work for *them*. Dear Reader, fellow Trader, what are YOU thankful for? Share your thoughts with our awesome community below! Happy Thanksgiving, wherever you are! -Anthony
CME_MINI:NQZ2020Education
by ocaptain
14
S&P Analysis Week of 11/21/2020: Thanksgiving WeekHow will the shortened trading week affect the markets? It's Thanksgiving week in the U.S. and that means markets will be closed on Thursday, a shortened trading session on Wednesday and usually a light volume day on Friday. The meat of the trading week will most likely come on Monday & Tuesday. Anything can happen though so just be ready for any volatility this week. Last week did not have much action (a lot of sideways movement) so there wasn't much of trading for me. Price did, however, form a triangle wedge pattern. These are unpredictable in my opinion so it is better to wait for price to breakout or breakdown (with retest confirmation). I've marked the different trade setups I will be looking for going into the trading week. REMEMBER TO NEVER PLAY THE BREAKOUTS. Wait for the confirmation. "When it feels really right it's probably wrong and when it feels very wrong it's probably right." Good luck, be careful and don't forget to hit the like button. Background: I try to keep my charts as simple as possible with focus on the major resistance and support lines which has served me well. I don't not use any indicators (moving average, volume, oscillators, etc.) or complicated methodologies (i.e. Elliot Wave Theory) which can be difficult to predict price and provides false indicators.
CME_MINI:MESZ2020
by XYZ-Trader-
1
Bitcoin (BTC): How Deep is the Dip?We have to be honest; this morning's slide in Bitcoin has a bit concerned. Bitcoin (BTC) futures (BTC1) are started to slip below a critical inflection point near 8500. 8500 is the location of a gap from back in June. 8500 seems to have acted as an important inflection point in Bitcoin's recent past. We also notice that Bitcoin (BTC) is falling in conjunction with equities. This modest dual decline may because the meeting between Fed chairman Powell and President Trump did not produce expectation of lower rates, and hence a weaker U.S. Dollar. So, if Bitcoin (BTC) was looking for a bump off that meeting, it did not get it. This price action doesn't change our research thesis that a Bitcoin (BTC) rally could be a 2020 phenomenon. We also wanted to bring up a bit of history. We remember in 2017 that there was a massive move in Bitcoin (BTC) near the Thanksgiving holiday. We do think history can repeat. We hope that Bitcoin (BTC) has recovered a bit by Thanksgiving. The move in 2017 was in the direction of the uptrend, and we would not want to see Bitcoin (BTC) sinking into that holiday.
CME:BTC1!
by tokenmetrics
Bitcoin / Dollar, 1Day, BitfinexPublishing helps me focus on my own analysis and notes, and provides my own layer of critical thinking and second review. Line Color Legend: Aqua Blue is a support line that has been very respected recently. There are actually two aqua lines that converge, each line based on macro trends. Bear push downs, which have been fast and also quite expected and controlled, have rested on that converged line (which I never expect to be perfect, due to small differences of Exchange metrics). Red is a downward cycle, notice no recent touches on the support (lower) part of the red line. Analysis: We are at a really big convergence zone between the two. I'm looking for buying opportunities in the green highlighted zone (a rectangle) and any sign of direction (and very much assuming muy obscurification of whale moves). The small background space between the red and green zones, which would break the "Higher Low" short term trend, is a critical area to watch. Note: Thanksgiving FOMO buying - if it happens, like last year - is complementary to this current setup.
BITFINEX:BTCUSD
by denjhanekt
BTC Breakout coming on November 23rdIt's pretty obvious that BTC loves reaching All Time HIghs and the odds are usually in it's favor to break records. However, timing these breakouts (and breakdowns) is a different story. BTC has been on a Bullish upward trend since a breakout above $8,000 on the 15th of November. Since this breakout occurred, an upward trajectory from $7,079.00 to $8,250 has created a strong supportive trend line. An upwards resistance line is allowing a consolidation which should lead to a BTC breakout on the 23rd of November. BTC $10,000.00? Happy Thanksgiving everybody. Onwards and Upwards.
BITSTAMP:BTCUSDLong
by BitInfo12
5