Market Analysis | 11/25 – 11/29

Economic performances today. -Chartmill.com

This week opened with most major indexes reaching new all time highs off the hope of a China-US Phase 1 deal being made in the near future. SPY has continued it’s steady climb above 300.

Daily chart for SPY over the past few months.

This week will likely be more of the same we’ve seen over the past few weeks, tentative bullish positions pushing everything slowly higher. The December season is not going to be a bearish month, so it should be safe to still take Bull positions on most well-performing stocks for the rest of 2019.

Watchlist for this week:

TAL, RTN, V, EDU, FB, SNAP, SRC, STOR, HDB, BRO.

Highlighted Trades

TAL: LONG @ 44.5 SL:  43.4 
FB: LONG @ 204.5 SL: 189.73 
SNAP: LONG @ 15.5 SL: 14.75

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