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- 📈 Next Week’s Trends: The Week Ahead 11/18/2024
📈 Next Week’s Trends: The Week Ahead 11/18/2024
Are We Headed For a Thanksgiving Sell Off?
John Kiritsis
November 18, 2024
In partnership with
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Seasonal Trends
Symbol | Trend History | Start Date | End Date | Average % |
|---|---|---|---|---|
JBL | Up 9 out of 10 past years | 10-25 | 11-22 | +6.16% |
GWW | Up 9 out of 10 past years | 10-25 | 11-22 | +8.52% |
SBUX | Up 9 out of 10 past years | 10-28 | 11-25 | +6.48% |
HD | Up 9 out of 10 past years | 10-28 | 11-25 | +4.20% |
AMD | Up 9 out of 10 past years | 10-28 | 11-25 | +11.63% |
ABBV | Up 9 out of 10 past years | 11-04 | 12-02 | +4.71% |
LOW | Up 9 out of 10 past years | 11-08 | 11-22 | +4.09% |
NRTA | Up 8 out of 9 past years | 11-09 | 12-09 | +7.58% |
MU | Up 9 out of 10 past years | 11-13 | 11-27 | +4.74% |
TSM | Up 9 out of 10 past years | 11-13 | 12-09 | +4.13% |
Earnings Trends
Symbol | Before Earnings | Average % | History | Earnings Date |
|---|---|---|---|---|
None |
The Historical Ebb and Flow of the Market
November Historical Briefing
November remains in the thick of earnings season, and without an October crash, the market historically typically sees an upswing in the first few weeks. However, as Thanksgiving approaches, expect profit-taking to increase, often leading to a cooling-off period through the end of the month.
November Historical Biases
The first half of November into Thanksgiving there is usually an upside bias.
After Thanksgiving into end of month and first couple days of Dec there is typically a sideways to downside leaning bias.
If there hasn’t been a market crash in October, then the first few weeks of November typically offer good opportunities to the upside.
Fall/Winter Seasonal Briefing (October - January)
This season tends to see strong directional movement in the market, often favoring the upside. While some years have been dominated by downward trends, the majority historically lean toward longer and more sustained upward momentum. During this period, it’s generally more effective to trade in line with the overall market direction, as these trends often last longer and provide stronger returns than in other times of the year. Counter-trend trades are typically less successful and are best avoided.
Happy Trading,
Next Weeks Trends
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