The NASDAQ has gapped up through the recent highs but is selling off a little bit after the open. It needs to stay above the recent highs, not forming a bearish belt hold signal. A strong up day in the overbought condition puts out the alert to start watching for profit-taking. Stay predominantly long but remain nimble. Crude oil stocks are still weak due to crude oil prices still selling off hard.
Stock Market Holidays 2015
Stock trading in the USA takes place throughout the year, Monday through Friday, except for stock market holidays. The New York Stock Exchange (NYSE), NYSE Amex, NYSE Amex Options, NYSE Arca, NYSE Arca Options, NYSE Bonds, NYSE Liffe U.S., and NASDAQ are open during regular hours, Monday through Friday, from 9:30 a.m. to 4 p.m. Eastern Time. It is important to know when stock market holidays occur because it can also be profitable. Trading volume will often dip in advance of stock market holidays as traders leave town for extended weekends. After stock market holidays, trading may pick up substantially as the market reacts to the collective stock market news that occurs when everyone was out of town.
Trading bad news gaps can be profitable when bad news occurs over stock market holidays. A breakout gap can also occur as trading resumes after stock market holidays. The market will open either substantially lower or substantially higher than its pre-holiday close in these two situations. Traders that follow gaps use Candlestick stock analysis to predict evolving market sentiment and profit with candlestick trading tactics. The market inefficiency that comes with gap trading can be very profitable for those who objectively follow market reversal as well as new trends. Using Candlestick patterns as a guide, traders can avoid the pitfalls of trading psychology. The twin demons of fear and greed are powerful adversaries. Using the clear and easy to read signals of candlestick analysis can give the trader a profitable view of the market.
Stock market holidays each year occur on the following days and are as follows for the year 2015:
New Year’s Day
Martin Luther King’s Birthday
July 4th (observed July 3rd)
*Each market will close early at 1:00 p.m. on Friday, November 27, 2015 (the day after Thanksgiving). Crossing Session orders will be accepted beginning at 1:00 p.m. for continuous executions until 1:30 p.m. on these dates.
** Each market will close early at 1:00 p.m. on Wednesday, December 24, 2014 and Thursday, December 24, 2015. Crossing Session orders will be accepted beginning at 1:00 p.m. for continuous executions until 1:30 p.m. on this date.
Don’t forget that there are still two remaining stock market holidays for 2014 including Thanksgiving on November 27th and Christmas Day on December 25th.
Those trading in foreign markets will need to be aware of holidays such as Boxing Day throughout the British Commonwealth and the Queen’s Diamond Jubilee. Stock market holidays will vary from country to country but the principles of trading around the stock market holidays will always be the same.
The analysis remains the same, the down trend remains in progress until there is a strong candlestick reversal signal. The 200 day moving average still remains a very viable target for the Dow. This implies there will be a few more days to the downside. Obviously the short positions are working well, as seen in the bearish slow curve in CREE this morning.