We’ve been talking about the market leveling off soon and taking a breath.
@RyanDetrick offers great market stats via Twitter, and posted this seasonality chart for the month of November, going back to 1950.
The first week of November was a smash, but things typically die down for the next few weeks before rallying into Thanksgiving.
Again, this has no bearing to why we made $6 per share in $NK this week, but it may be good to know if you are holding market correlated instruments.
Participants are still looking for action here, which should make trading breakouts and such a pretty fun gig for the next few weeks.
I am booking a few things today, and have bought up some $X calls.
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