Today is Black Friday. It is the day after Thanksgiving and the day Americans starts their Christmas shopping. Typically, it is the start of the period where retail stores make money to cover the losses throughout the year. If the retail stores do not rake in much sales with good margin, then it is likely that the stores would lose money for the whole year. The sales figures on Black Friday could move the market especially during this period where there is a huge uncertainty whether consumers will minimise buying discretionary items and start a recession.
The sales figures should be coming in by Monday. However, analysts will start looking at the physical queues at retail stores on Black Friday to anticipate the actual sales figures.
As the market close early today, the market volume should be thin.
- PersianCat04 (Millionaire-in-progress)
Trade Like A Persian Cat reminds me that I should be like a Persian Cat, waiting for the right setup to trade and not act on impulse. This blog documents my trades, thoughts and reflections in playing Options in the US Market. "Bulls make money, Bears make money, Pigs Get Slaughtered, Cash is King"
Who Am I ?
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- The Average Investor Mentality
- The Market Cycle
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- Who Are You Trading Against?
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