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Insiders Club - 11.26.2014 Bookmark

11.26.2014

Good morning all, welcome to "Thanksgiving Eve" so to speak.

If today follows history, we'll open okay, gain a bit,... and then sit there for the balance of the day going nowhere. Most of the senior traders will punch out by 11 am, and leave the juniors and the robots to guard things.

Frankly I was a bit surprised at how weak Monday and Tuesday were. Usually the market magically levitates on Thanksgiving week, but so far all it's been able to do is "hover" around the unchanged line. I think that tends to show just how stretched and desperate this market is.

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