Gann Day on November 8 Red Letter Trading Day

Commentary, News

A potential change of trend on a day friendly toward putting structure around big plans from leaders.

Responsible Vision

By Susan Abbott Gidel
November 7, 2019

(All times Eastern)

We’re halfway from fall to winter on Friday, November 8, making this the first of two “Gann Days” this month, 10 times per year when the legendary trader W.D. Gann looked for changes in trend.

Overall, the day looks friendly as the Sun and Neptune support visionary leaders (exact at 12:56 pm) while the Sun and Saturn support those who want to bring order (exact at 12:06 pm). Throughout the day, Saturn and Neptune also are available for giving visionary plans some structure.

Friday’s reports include:

  • Thursday 6:30 pm  Japan Household Spending
  • TBD   China Merchandise Trade Balanace
  • 8:15 am  Canada Housing Starts
  • 8:30 am  Canada Labour Force Survey
  • 12:00 pm  USDA Crop Production

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As always, please use protective buy and sell stops when trading futures and options.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

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