Stockmarkets going to up on avarage historic data on blackfriday as well and going to continue this momentum until christmas.
US sentiment indicator supporting an new leg to the upside. The CNN Fear & Greed index was down last week to "36" showing sentiment close to "extreme fear" even the top US-Stockmarket Indices are at or close to new all time highs. Short term target for this week is a fresh all time high for the S&P-500 Index.
Please check also the following trading ideas fully supporting a strong and longer lasting upside momentum until christmas.
On Tuesday November 14th US tockmarkets open with a sharp sell off. The Dow Jones Industrial Index lost 168 points and reversed mostly all intraday losses. The DJIA Index ended on intraday highs.
VIX-Index and DJIA-Index showing simultanious reversal pattern indicating new all time highs for stockmarkets and vice versa new all time lows for the VIX. Target by end of 2017 is below 9.
Tech stocks boost Nasdaq to record
Technology stocks boosted the Nasdaq Composite index to a record at the open on Tuesday, while encouraging results from some retailers and Medtronic helped bolster the gains.
As the third-quarter earnings season winds down and with no major economic data scheduled for the week, trading volumes were thin and expected to get even quieter in the run-up to the Thanksgiving holiday. https://www.investing.com/news/stock-market-news/stock-futures-rise-with-eyes-focused-on-retail-earnings-893234