Stock Market News: Stock Market Review I Nov 26th, 2018 I
Tech led sell-off
Last week, market start the week with a strong sell-off with tech companies, which lead the market lower.
following after that is Thanksgiving holiday on Thursday, and shortened trading day on Friday, with didn’t have much movement.
Last week pick updates
Our Pick for 19 Nov 2018
- HQY, long
HQY case, it is a lost. HQY followed broad market lower with the strong sell-off in technology companies.
On the other hand, LGIH which was last week pick, performed good and broke out of resistance, turning a breakeven case to a win case.
Market now re-entering seeking territory, with a lot of uncertainty ahead.
Fed is going to announce minutes this Thursday, and expect a bigger volatility on ahead.
Broad market headline risk remains on the focus.
Our pick for 26 Nov 2018
- XLP, long
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Till next week,