VR TRADING ACE FOR MONDAY - NOVEMBER 20, 2023 - ON THE ROAD THIS WEEK - NEXT UPDATE EXCEPTING BULLETINS FOLLOWING THE THANKSGIVING HOLIDAY
May update the comments below Monday morning. Many indexes rallied to resistance this past week and technically we are quite extended with big upside gaps under the market could be filled. Neutral on the indexes here, but very tempting to go short. Note the 'Turkey Shoot' effect discussed below. Equity markets have moved higher [...]