Alright folks! We got T-Minus 1 Day until we get to sink our teeth into some turkey, mash potatoes and all those other good fixins’, but until then we have to put our minds towards getting through one more market session. Overnight, Asian markets were in positive territory to the tune of about a half percent, while European markets are doing much of the same. US Futures are in positive territory as well, with the Dow up 40 points, Nasdaq up 8.5 points, and the S&P hitting 6 points in the early going.
As always with these shortened weeks, there tends to be a lot more economic reports that come out the day before the holiday. So today we get that lovely Jobless Claims report at 8:30am EST along with Durable Goods Orders and Personal Income and Outlays. Right before 10am we get Consumer Sentiment reading followed by New Home Sales. So buckle up, because there is a lot of information that the market has to try and digest this morning.
Here are Today’s Trade Setups…
Bullish Candle Setups: CKH, GEO, HPY, WFT, M, APAC, XTXI, ATPG, SBS, GDP, PHH, KBW, CENTA
Bearish Candle Setups: XOM, NAT, AMLN, LPHI, HRL, VSAT, RDEN, MANH, CA, GCO, VM, GOL
Stocks Ready to Bounce: BIG, CMTL, HOLX, NUVA, UNTD, ENOC, CMED
Stocks Ready to Pullback: VLTR, LZB, HTLD, GSIC, FMER, PGN, BWEN, CSKI, PPH, NSL, JRO
Breakout Plays: STJ, FRX, BIV
Breakdown Plays: POOL, HRP
