RE:Thanksgiving Silence
IrishCanuck wrote: How do you think today will play out? With American markets closed do you think we can still pop it north a bit? TSX could pressure NASDAQ to gap up tomorrow morning, continue the run and cover more shorts again....
It certainly will be interesting. It had that effect on Canadian Thanksgiving with the Nasdaq open.
Nasdaq ran up to its yearly high of $6.44 on the Monday Oct 13. 2 days before ER. It did a reverse on Oct 14 for the TSX to catch up and never did make that high again on the eve of ER Q1.
I sold out 50% of my Nasdaq shares on the 13th. Then 50% of TSX shares on The 14th.
thats why I like to have 50/50 TSX/Nasdaq, for when market is closed on either side.
We may get a run up on the TSX today and then a pull back tomorrow for the Nasdaq to catch up.
Honestly, I don't know what will happen with the reverse market closer lol.
like you said, it will be interesting.