November 26, 2007
Hopefully, Friday’s post-Thanksgiving rally didn’t get you excited about the week to follow. We are usually good for one of those rallies each Thanksgiving, and while three trading days leading up to Thanksgiving were painful for market participants, Friday’s action helped provide some temporary relief. Investors became optimistic heading into the open with futures trading in the positive with retail reports stating that there was a year-over-year increase on Friday and Saturday of 7.5%, beating analyst expectations. However, knowing how the market generally reacts to this kind of news, the market should have been up very strongly in the futures pre-market, but it was not – an indication of things to come.
With that said, here’s what you need to know…
-
Subprime concerns are on the forefront again as the market sold off amid news with Citigroup reporting possible job-cuts and HSBC bailing out two of its funds.
-
Good sales report and little reaction to it shows you that the market is not concerned with the Christmas sales (yet); instead it’s the credit problems and the Fed’s reaction to it.
-
Volume was light today, but not enough to say that the sellers are running out of steam
-
Very little importance should be put on Friday’s gains (light volume on a half day of trading).
-
Recession is being spoken of on every street corner – eventually this kind of chatter becomes a self-fulfilling prophesy.
-
All three major indexes are heading into the red for the year. S&P is already -1% for the year.
-
Despite all of this, the Shareplanner Portfolio did very well, as our short positions gave us some very nice returns on the day.
Let’s look at the Charts…
NASDAQ sold off in step with the rest of the indexes, trading below its long-term trend line once again, despite the rally on Friday. Likely follow-through to the downside heading into tomorrow’s open.
The S&P re-entered negative territory for the year, as it shed over 2% on the day as it heads towards a test of the August lows. In the meantime it is in a freefall.

Welcome to Swing Trading the Stock Market Podcast!
I want you to become a better trader, and you know what? You absolutely can!
Commit these three rules to memory and to your trading:
#1: Manage the RISK ALWAYS!
#2: Keep the Losses Small
#3: Do #1 & #2 and the profits will take care of themselves.
That’s right, successful swing-trading is about managing the risk, and with Swing Trading the Stock Market podcast, I encourage you to email me (ryan@shareplanner.com) your questions, and there’s a good chance I’ll make a future podcast out of your stock market related question.
When should you increase your position size for swing trading in the stock market? Does the percentage that we dedicate to each of our swing trades change over the years or is it etched in stone? In this podcast episode, Ryan goes over his reason for increasing his position size in trading and what can lead a person to doing that for themselves.
Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at: https://www.shareplanner.com/premium-plans
📈 START SWING-TRADING WITH ME! 📈
Click here to subscribe: https://shareplanner.com/tradingblock
— — — — — — — — —
💻 STOCK MARKET TRAINING COURSES 💻
Click here for all of my training courses: https://www.shareplanner.com/trading-academy
– The A-Z of the Self-Made Trader –https://www.shareplanner.com/the-a-z-of-the-self-made-trader
– The Winning Watch-List — https://www.shareplanner.com/winning-watchlist
– Patterns to Profits — https://www.shareplanner.com/patterns-to-profits
– Get 1-on-1 Coaching — https://www.shareplanner.com/coaching
— — — — — — — — —
❤️ SUBSCRIBE TO MY YOUTUBE CHANNEL 📺
Click here to subscribe: https://www.youtube.com/shareplanner?sub_confirmation=1
🎧 LISTEN TO MY PODCAST 🎵
Click here to listen to my podcast: https://open.spotify.com/show/5Nn7MhTB9HJSyQ0C6bMKXI
— — — — — — — — —
💰 FREE RESOURCES 💰
My Website: https://shareplanner.com
— — — — — — — — —
🛠 TOOLS OF THE TRADE 🛠
Software I use (TC2000): https://bit.ly/2HBdnBm
— — — — — — — — —
📱 FOLLOW SHAREPLANNER ON SOCIAL MEDIA 📱
X: https://x.com/shareplanner
INSTAGRAM: https://instagram.com/shareplanner
FACEBOOK: https://facebook.com/shareplanner
STOCKTWITS: https://stocktwits.com/shareplanner
TikTok: https://tiktok.com/@shareplanner
*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
