Wednesday, November 21, 2018

The market had a massive opening gap down on Tuesday which was an immediate buying opportunity for many quick traders and computer-generated buy programs. Stocks lifted swiftly from there. Usually a large gap down followed by a rally up can mean a bottom has been put in, but stocks are still acting heavy. If a bottom is in, we should see some horizontal work from here.

Letís see two leading indexes.

TBA = Technical Buy Area

My short-term trading oscillator closed on the neutral line which leaves plenty of room for upside or downside behavior.

Not many stocks to highlight in this tough environment, but let's see a few anyways.

Chinese stocks had a decent day today so letís see a few.

The market is closed tomorrow Thanksgiving Day here in the USA, and a half day on Friday. Hope to see you back here Sunday night.

Daniel J. Zanger