The S&P500 gained 1.5% last week and the Trump rally totals for a little more than 5%. The current market price represents the expectations for economy improvement, however the market is now at an over-bought territory, therefore will probably not continue much higher. In the other hand, I don’t expect prices to drop because there are a lot of investors who missed the Trump-train and will be happy to buy at any pullback. Although I don’t expect big market moves, we are in the holiday shopping period, therefore we should expect some big moves in the retail sector.
Day Trading Weekly Review – November 28th.
Nov 28, 2016 | Uncategorized