​Market Environment -- clear outside day on equity indexes & 10-year note.

The prior days trading range is a useful indicator of a hospitable trading day.

​If you recall last year the market dumped leading into Christmas,culminating in an1100 pt drop in the Dow during  the Christmas Eve half-session. This translated in a huge spike in the VIX. 

Now look where we are ! 

​Today in the chat room one of our members was following $ACST. 

$ACST was halted around 1:17pm est. 

When trading resumed around 1:30 it dropped like a rock.

But doing the thing we've done numerous times under these circumstances -- putting a daily or weekly DZ underneath to catch the falling knife), yielded the following setup. A coincidence price bounced from where it did? You decide.

Do you see what the results would've yielded you ? Check out the screen shot below. 

​Christmas and New Year’s Holiday market hours are as follows:
CME Group Holiday Schedule 
Tuesday, December 24:

• 12:00 PM CT Early Close

Wednesday, December 25:

• Markets Closed
• 5:00 PM CT Regular Open

Thursday, December 26:

• Regular Hours

Tuesday, December 31: 

• Regular Hours

Wednesday, January 1:

• Markets Closed
• 5:00 PM CT Regular Open

Thursday, January 2:

• Regular Hours

Market Highlights:

• Without a whole lot to move the markets, trading was quiet today.
• Although the ranges were small, stocks managed to finish higher.
• Netflix (NFLX) was on the move today after the company shared strong growth numbers outside the U.S. Netflix finished the day with a 3.7% gain.
• Today’s market movement, or lack thereof, isn’t much of surprise. After all, the S&P is up 1.6% this month and up 27.4% this year as we approach the holidays.
• Market Environment -- today's choppy, little follow-thru -- this was apparent early this morning by looking at the bellwether stocks (they're mixed re performance) & the state of the futures (prior to the last 30-45 mins or so it's been an inside day). A mediocre trading environment.
  

Today, we are celebrating Thanksgiving in the US.

This means...

Eating - a lot ! For me too much turkey, stuffing and pie ! 
Spending time with family

With how busy we are on Thanksgiving, it can be easy to forget what it is really about:

Being thankful.

Sometimes it's not easy to be thankful.
Sometimes it's easier to complain.
Sometimes it's easier to say "my life sucks."

But when we pause for a moment, we'll notice that there are many things we can be thankful for.

As an example, if you are reading this email right now, it means that you have a phone, a tablet and a computer and access to the internet. Keep this in mind: 49% of the world does NOT have access to internet.

If you have a phone, you have contacts saved in your address book. Who can you text or call today and tell them that they are important to you?

I'm sure there's a place around you where you can watch a sunset - or a sunrise if you're an early bird.

You can read this email…
… so you are luckier than over one billion people who cannot read at all.

If you woke up this morning with more health than illness …
then you are luckier than the million who will not survive this week.

If you can attend any meeting you want—political, religious, social…
then you are luckier than 3 billion people in the world.

If you have food in the refrigerator, clothes on your back, a roof over your head and a place to sleep…
then you are richer than 75 per cent of this world.

If you have money in the bank, in your wallet, and spare change in a dish someplace…
then you are among the top eight per cent of the world’s wealthy.

If you can get a glass of water right now...
then you are luckier than 790 million people who don't have access to clean water.

When we pause and think for a moment, we will find at least 10 things that we can be thankful for.

Do yourself a favor and write down 5 things that you are grateful for.

And you'll experience the "Wonders of Thanksgiving." :-)

Stay away from the markets and Enjoy !