21 November 2014

SP 500 and NDX Futures Daily Charts - Another Record Close, Sweet Dreams Baby

Next week will be a short holiday week with the Thanksgiving Holiday on Thursday, and 'Black Friday' the day after when everyone goes shopping for happiness and fulfillment.

We will see the second estimate of Q3 GDP on Tuesday.

The market is hitting a bit of a high note here, with record close after record close.

The market is going to break. I don't know how deep it might be because I cannot yet tell if this will be a normal wash and rinse or the beginning of something more involved. It probably depends on what provokes it.

Let's be thankful for what we have.  And remember what is most important in life.  Things can be replaced, but people can't.

Have a pleasant weekend.