A Bounce

Chart courtesy of finviz.com 

A 2% move in stock prices yesterday.  Stocks began rallying mid-day Friday on a more conciliatory tone out of Washington and carried this over into yesterday's open.  The rest of the week is going to be a low news environment due to the Thanksgiving holiday so stock have some room to digest this move without much coming from the politicians.  Today will be last real trading day of the week as Wednesday is a get away day for most people going to Grandma's house and Friday is a day to recover from food comas.  Friday is traditionally a day when stocks move higher but on low volume.  Stocks are still at oversold levels but most of what happens from here on end will depend on a political deal or at least the glimmer of one.  

Consider the rest of the week to likely be the calm before the storm.  

I will not be posting until Monday of next week unless there is a need to break in due to events.

Happy Thanksgiving everyone!