Turkey Day Rally 🇺🇸

Good morning!

November is limping to the finish line, but futures are trying to squeeze out one last breath of optimism. 

Early Friday, the Dow and S&P 500 nudged up 0.1%, with the Nasdaq drifting 0.2% higher - a small lift on a month that’s been anything but generous.

But the real drama? A data-center issue that froze futures and options trading at the CME. Crude, gasoline, palm oil, all stuck on pause just as oil heads toward its biggest monthly drop in more than two years. Markets love chaos, but they did not ask for this plot twist.

Still, when trading resumes, investors will be staring straight at a losing month. Mega-cap tech cooled off hard, snapping seven months of Nasdaq strength and threatening the Dow and S&P’s winning streaks. The AI trade didn’t die, it just finally took a breath.

With Thanksgiving behind us and a 1 p.m. early close ahead, Wall Street is doing what it always does at month-end: squinting into the future. Some strategists see the S&P 500 at 7,500 next year. Deutsche Bank is dreaming even bigger - 8,000 by 2026.

For now, though? It’s November’s last act. Let’s see how the market closes the chapter.

🦃 U.S. Markets Rally Into Holiday Weekend
The Dow, S&P 500 and Nasdaq all notched a fourth straight day of gains as traders rolled into the Thanksgiving break - fueled by soft inflation data and growing odds the Federal Reserve may cut rates in December.

📶 Broadcom Rockets Higher After AI-Fueled Surge
Broadcom shares jumped past $377 - a rally of over 11% - powered by renewed demand for AI and data-center chips even as the broader tech sell-off lingers.

👟 Puma Rallies on China Takeover Buzz
Puma shares jumped 18% after reports surfaced that China’s Anta Sports is considering a buyout — traders are betting on a deal that could reshape global footwear rivalry.

🟡 Gold Rises Toward Monthly Win Despite Dollar Dip
Bullion climbed again, buoyed by dollar weakness and improving odds of a Fed rate cut — putting gold on track for a fourth straight monthly gain.

🎯 Bitcoin Eyes Bounce — Analysts See $97K Target
With selling pressure easing, crypto bulls are setting their sights on $97,000 — betting renewed risk appetite and ongoing institutional demand could fuel the next run.

🔀 Asian Markets Mixed as Thin Holiday Trading Hits Tech
With Wall Street shut for Thanksgiving, Asia drifted — Japan flat, Korea sliding, and China barely ticking up as AI stocks lost steam and traders waited for the Fed’s next move.

📉 Oil Worst Monthly Slide in Years
Oil dropped sharply this month — the worst monthly run in years — as demand fears, economic uncertainty, and fading rate-cut hopes combine to hammer energy sentiment.

Stop Borrowing Other People’s Trading Nightmares

Many people fear trading because they watched someone lose. A cousin who blew an account. A friend who chased signals. A coworker who traded without a plan. Their panic became your memory. 

Their mistakes became your warning sign. You carry a fear that never belonged to you.

Those stories hide the real issue. They lost because they had no structure. No risk limits. No study. No routine. Losses from chaos are predictable. Losses from discipline are rare. When you learn the basics and follow rules, you avoid the traps they walked into.

Their past does not define your future. You move forward with skill, not stories.

Rectangle

The Rectangle pattern, also known as a Trading Range or Box, is a continuation chart pattern that signals a period of consolidation and indecision within a strong, established trend.

It is formed when the price oscillates horizontally between a fixed support level (the floor) and a fixed resistance level (the ceiling).

This pattern shows a balanced battle between buyers and sellers, where neither side can push the price past the defined boundaries.

This pattern is interpreted as the market taking a pause to digest recent gains or losses before resuming the original trend.

What to Look For (Key Features and Signals)

• Pattern Shape: The pattern is defined by two parallel, horizontal trend lines. The upper line connects two or more highs and acts as resistance. The lower line connects two or more lows and acts as support. The price movement within the pattern looks like a rectangle or box.
• Prior Trend: The Rectangle is a continuation pattern, meaning it must be preceded by a distinct trend (either up or down). The breakout is expected to be in the direction of this prior trend.
• Volume Trend: Trading volume usually decreases during the formation of the Rectangle as the market enters a consolidation phase. This confirms the temporary nature of the pause.
• Duration: The pattern can last anywhere from a few weeks to several months. A longer, wider rectangle is generally considered more reliable than a short, narrow one.
• Breakout Confirmation: The pattern is confirmed when the price breaks decisively out of the channel in the direction of the prior trend.
  • For a Bullish Continuation (following an uptrend), the breakout is above the resistance line.
  • For a Bearish Continuation (following a downtrend), the breakout is below the support line.
  • The breakout should be accompanied by a spike in volume to validate the trend resumption.
• Target Price: The traditional price target is calculated by measuring the height of the rectangle (the vertical distance between the support and resistance lines) and projecting that distance in the direction of the breakout from the breakout point.

The Discipline Gap

Most traders already know what to do. 

They know their rules. They know their risk limits. 

They know the setups that work and the conditions that ruin them. 

Knowledge is rarely the problem. 

The real problem lives in the space between knowing and doing. That space is the discipline gap.

This gap shows up when you chase a move you planned to ignore.

It shows up when you increase size because you feel confident instead of prepared. 

It shows up when you skip journaling because the day felt stressful. 

None of these mistakes come from ignorance. 

They come from ignoring what you already understand.

Closing the discipline gap doesn’t require new strategies. It requires honesty. 

You need to admit where you break your own rules. 

You need to track your behavior, not only your charts. 

You need to hold yourself accountable even when the market is quiet.

The traders who win long term are not the ones with the most information. 

They are the ones who can act on the information they already have without drifting. 

The gap stays open for most people. 

Your job is to close it a little more every day.