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“I celebrated Thanksgiving in an old fashioned way. I invited everyone in my neighborhood to my house, we had an enormous feast, and then I killed them and took their land”–Jon Stewart
The market pulled off another higher close today as volumes pretty much shut down. We all will enjoy a well deserved day off tomorrow, and trading will be even lighter on Friday.
AAPL pretty much went sideways today, and it is at an interesting level. AAPL opened higher yesterday and came within about 2 points of its 20 day moving average. Bottom line, 572-573 is the level the stock needs to close above to get another leg higher going. If it can do that, we have a shot at the 590 level (market permitting of course).
If anything sets up between now and Friday I will let you guys know. In the meantime I wish all the best to you and your families tomorrow. Enjoy the football and the food, but most importantly, enjoy your friends and families.
And remember, it’s enough gravy when your plate looks like an infinity pool.
See you all on Friday.
Joe