Trading Day Breakdown

This morning we got 3rd quarter GDP numbers. They were revised sharply to 5%, which is the strongest number we’ve seen in over a decade. This was good enough to take the Dow Jones Industrial above 18,000 intraday.

However, volume was relatively light today. In fact, we saw below average volume in the SPY and nearly half the average volume in the VXX. Of course, this is to be expected given the Holidays are around the corner.

Volume in the options market, was the second lowest number of contracts traded, this month.

Important numbers tomorrow include jobless claims at 8:30 am eastern and the DOE energy numbers at 10:30 am eastern. However, we expect volume to be anemic.

The markets close early tomorrow, 1 pm eastern time. We’re expecting another slow day and volatility to continue to come in.

If you don’t have to monitor positions, it’s probably best you take the day off from trading and spend it with your friends and loved ones.