With the shortened holiday week, most of the earnings reports will take place earlier in the week as the markets are closed on Thursday for Thanksgiving and have a shortened session on Friday. The retail sector will take center stage with earnings from the likes of Best Buy (BBY), Kohl’s (KSS), Loews (LOW) and Target (TGT) will all release their results tomorrow. As of this writing, U.S. crude oil futures (/CL) are 1% lower near $56 per barrel and S&P 500 futures (/ES) are 0.4% lower near 2731.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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