Mon - Fri : 08:00 - 4:30
contact@hurleyinvestments.com
888-287-1030

Single Blog Title

This is a single blog caption

HI Market View Commentary 11-29-2021

//
Posted By
/
Comment0
/
Categories

HI Market View Commentary 11-29-2021

https://go.ycharts.com/weekly-pulse
  • Black Friday the market finished down -2.3% for the half trading day.
  • News of an “Omicron Covid Variant” running through South Africa quite quickly.
  • Looks to be more contagious than Delta
  • Fear of economy getting shut back down
  • Travel closed from South Africa and surrounding countries

What was our conversation? What would we do?

  • When you don’t know what’s happening, you don’t have to force something to happen.
  • Focus on one thing at a time.
  • Take what you know and be honest about what you don’t know
  • “Take the next right step” -Frozen 2
  • We knew there was a high degree of irrational selling
  • We didn’t know what was going to be shut back down if anything.

What did we do?

  • BAC? FED is going to have to raise rates next year no matter what. Held 50 dma
  • BA? Travel is being restricted
  • AAPL don’t know enough
  • UAA held up toward the end of day

DIS –

Where will our markets end this week?

Higher

DJIA – Bullish

SPX – Bullish

COMP – Bullish

Where Will the SPX end November 2021?

12-03-2021           +1%

11-22-2021           +2.5%

11-15-2021           +2.5%

11-08-2021           +2.5%

11-01-2021           +2.5%

Earnings:  

Mon:          KR

Tues:          CRM

Wed:         

Thur:         CCL, KR, MRVL

Fri:            

Econ Reports:

Mon:          Pending Home Sales (Higher),

Tues:          Housing price index, Consumer Confidence

Wed:          ISM Manufacturing, Construction spending

Thur:           Continuing Claims, Initial Claims

Fri:             Payrolls, Unemployment rate, Ave. work week.

How am I looking to trade?

  • Looking to see how news and stocks play out from the Omricon situation

COST –      12/09

MU-           12/22 AMC

www.hurleyinvestments.com 

www.myhurleyinvestment.com = Blogsite

customerservice@hurleyinvestments.com = Email

Questions???

https://www.cnbc.com/video/2021/11/11/jim-lebenthal-disney-will-be-better-returner-than-the-sp-500-overall.html

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.