Good evening StockBandits!
The indexes posted additional declines today to keep the loss streak intact, although the damage was minimal. Ranges contracted some from recent days, and volume declined again, as expected ahead of a major holiday like Thanksgiving.
Last night’s setups provided some very nice intraday plays, so hopefully you were able to catch those. I’m expecting a rather quiet day tomorrow, so I’ll be focused on trades in the morning and then look to really taper off my activity as I know many traders will head for the exits early. The afternoon will have more amateurs available to trade, yet with far less liquidity it certainly isn’t likely to be a time to be active. Keep that in mind as the day progresses if you’re trading Wednesday.
I’m looking to capture some short-term moves through Wednesday morning, both due to the holiday week but also due to the charts right now just not offering much. In terms of the Broadcast, I will take the remainder of the week off to spend time with family after tonight. I also don’t think the market will be worth trading on Friday anyway, for what it’s worth. So, the next Broadcast will come over the weekend.
I’ll cover my game plan for tomorrow in the video, and as always, feel free to share your own thoughts, trade ideas, and questions down below in the comments section.
Beyond that, I hope you have a wonderful Thanksgiving!
Here is tonight’s video:
The Bandit Broadcast Video – Click to Watch!
Video Stocks Discussed: RYL, VRX, SMG, NIHD
Swing Trading Candidates:
NONE TONIGHT – 100% cash
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The Hit List is a separate post which contains discussion on open positions and swing trade stops and targets, so be sure to check it for further details on swing trades.
