A late day super snapper allowed us to finish on a positive note in what was another horrible week for the market.
For the week, the S&P 500 lost -8.39%, Dow -5.31%, Nasdaq -8.47%, and the Russell 2000 -10.95%.
As we've seen in prior weeks, the "ultra" shorts were the top leaders. All of the following gained more than +20% on the week - SKF, TLL, SRS, RMS, SKK, SJL, SMN, SJH, SDK, SJF, SBB, TWM, MZZ, & SDD.
As some of you already know - Thanksgiving week is one of my favorite weeks of the year. It is the week that I (along with a group of friends) compete with each other to give as much as possible to charity. In essence, every dime of profit we make from trading next week will go straight to the charity of our choice. For this year, I'll be trading for Remote Area Medical. I've talked about this charity in the past, but essentially they provide free health care services to those who are under-employed or under-insured. In fact, 60% of their programs are based in poverty areas of the United States.
In spite of what has been a very challenging time for all, I'm very thankful to be able to do what I do for a living and share this journey with all of you.
See you next week!
