Sunday evening’s future action is looking good for Monday…but it’s still early. Monday has been the best day of the week for average daily returns in the S&P 500 for the past two months. Tuesday was the worst day of the week for the month to date, while Friday was the worst day of the week for the two-month period. We have a shortened week coming up and most likely volume will be low.
Last week started out with a bang, but fizzled out by Friday, although not giving back everything. Volume was below average for the week, unusual in that options expiration week gets active, expecially on Friday.
This week, all the news will be stuffed into the first 3 days. Monday has Existing Home Sales and Inventory, Tuesday has 3rd quarter GDP and Wednesday has Initial Claims moved up from its usual Thursday report. So have a fun holiday week. 
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