More postive vaccine news, this time out of AstraZeneca, has the markets slightly up at the start of the week. In this Thanksgiving week, we have a lack of economic reports and earnings this week that can move the market leaving the general themes (Covid vs rising cases, stimulus) to be debated by the market as a short-term trading range has developed on the charts. Technical analysis often reigns supreme and this week should be no different.
Events This Week:
Earnings
- Monday – Urban Outfitters (URBN) and Warner Music Group (WMG)
- Tuesday – Best Buy (BBY), Dollar Tree (DLTR), HP (HPQ), J.M. Smucker (SJM), Gap (GPS), Nordstrom (JWN), VMware (VMW), Dick’s Sporting Goods (DKS)
- Wednesday – Deere (DE)
Economic Reports
- Wednesday – Jobless Claims, New Home Sales, Personal Income and Outlays, FOMC Minutes
Have a wonderful start to your week and email us if there is anything we can do to make your week better.
Chart of the Day
Earnings this week
| Earnings season is winding down and we have a light week on the earnings front with a few retailers including Best Buy (BBY), Dollar Tree (DLTR) Gap (GPS), Nordstrom (JWN) andDick’s Sporting Goods (DKS) on the docket. |
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Video of the day
Christmas Music
While there is no scientific study suggesting music helps your trading we thought we would get the holiday season kicked off here at Tackle Trading with a little holiday cheer!
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Weekend Reports
Watch the Stock, Options, Commodity and Forex Reports to help yo prepare for the week.
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