Hello Everyone,
Quick Notes: Following yesterday's reversal candles, the major indices ended the session mixed with the SPX/DOW closing green while the QQQ/IWM closed red. The SPX/QQQ moved lower initially then managed to bounce near their respective 20 day MAs while IWM closed with a doji candle after bouncing near its 50 day MA. NYSE breadth was negative for the 7th consecutive day (longest since 2018). Tomorrow (day before Thanksgiving) historically is bullish around 70% of the time but continue to trade what's in front of you first and foremost. With the current backdrop, my advice is to be quite selective with new entries with increased volatility making it difficult to manage too many ideas.
Note: Several previous ideas on watchlist remain valid but simply have not yet triggered so continue to re-examine each night. Consider making a fresh top 10-12 setups each night and put on front page along with existing trades. My advice is to keep your total ideas to a manageable number. Lastly, it's best to wait at times for valid setups to form - sometimes less is more.
Please take a moment to look at the trade ideas.
HAPPY THANKSGIVING TO EVERYONE
