Nov 26th 2014 – Will This Trend Ever End?

That’s all well and good Jesse, but GOOD GRIEF!  Will this uptrend EVER end!  HeHe!

This is extraordinary, the market has gone straight up almost 13% since the October 15th Low, although technically speaking it did also have a quick and rapid 8.5% run in early February this year.  So although this kind of speed and trajectory are very rare, trades this big as we have had over the last month will be repeated.

Still, I think this set of trades will receive a plaque on my wall!  It’s fast becoming legendary!  Even if I do say so myself…I will of course remain humble and studious towards the market, as nothing will humble you faster than the stock market.  It is the greatest teacher I have ever had.

So, for your folks that have joined soon after these monsters, keep your powder dry and patiently wait, we will be out of this soon and be ready to do it again in 2015…dare I say a few times more!

Market News:

U.S. stocks fluctuated on Wednesday, with benchmarks not far from record highs, as investors considered reports on manufacturing and housing in assessing the strength of the U.S. economy.

With the price of oil trading at four-year lows, the energy sector continued its recent downward trend.

SeaDrill fell sharply after the offshore driller suspended its dividend after a soft earnings report.

The government reported orders for durable goods rose in October, while a separate report had applications for unemployment benefits rising by 21,000 to 313,000 last week.

Consumer spending rose 0.2 percent last month after holding steady in September, while a gauge of business activity in the Chicago area came in below expectations.

Consumer confidence rose to a seven-year high this month, an indicator that could bode well for the holiday shopping season.

The National Association of Realtors reported pending home sales fell 1.1 percent in October.

Thursday:

Thanksgiving Day holiday

U.S. markets closed

OPEC Meets

Friday:

Black Friday holiday shopping

U.S. stock market closes at 1 p.m. Eastern

News Sources:  CNN Money & CNBC