Wednesday, November 25, 2020

Today was a super day for many leading stocks that are lunging higher with many at new all-time highs. Letís begin the charts tonight with a look at the S&P-500.

TBA = Technical Buy Area

My short-term trading oscillator closed at plus 42 tonight which is an overbought reading that could lead to some rest or downside behavior at any time though Iím not seeing any signs of a rest yet.

A short week with the market closed for the Thanksgiving holiday tomorrow and only a half day on Friday which is often on light volume as traders are away for the holiday. Letís look at a quick list of momentum stocks.

Happy Thanksgiving to you and yours!!

Daniel J. Zanger