Happy Thanksgiving :) Friday Should Be A Winner

Thanksgiving Wednesday was never going to generate an exciting day but it was good to see early week gains retained. Upcoming Thanksgiving Friday is typically a day when Junior traders go wild and decent gains are posted - even if trading volume is light. With last week's lead action I wouldn't be surprised if this pattern was to repeat.

Tech Indices have been leading the charge in recent days and I would look to the Nasdaq and Nasdaq 100 to be the primary chargers on Friday. Technicals are firmly in the green.

The Nasdaq 100 is a little weaker technically with the MACD trigger 'sell' still in play but given it's on the verge of a new 'buy' trigger it's still an attractive trading opportunity.

The S&P posted minor losses but is knocking on the door of new highs. It's still a few days from a new MACD trigger 'buy' but should this occur then look for a new wave of buying.

The Russell 2000 has enjoyed a very strong run of form but it may be a little stretched to keep this going on into Friday. Technicals are all net green so should this ease back into next week I would look at it as a buying opportunity - a retest of the 50-day MA would be ideal in this regard.

Friday could be short-but-sweet day of low volume buying. A feel-good Turkey blitz should be the order of the day given prior bullish action.

You've now read my opinion, next read Douglas' blog.

I trade a small account on eToro, and invest using Ameritrade. If you would like to join me on eToro, register through the banner link and search for "fallond".

If you are new to spread betting, here is a guide on position size based on eToro's system.

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Dr. Declan Fallon is a blogger who trades for fun on eToro and can be copied for free.
. I invest in my pension fund as a buy-and-hold.

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