Dow, S&P Log Worst Thanksgiving Week Since 1932

Bears Chat at The Wall Street Examiner November 26, 2011 0 Comments

Dow, S&P Log Worst Thanksgiving Week Since 1932
Published: Friday, 25 Nov 2011 | 1:10 PM ET
By: JeeYeon Park
CNBC.com Writer

Stocks closed in negative territory in thin, shortened trading Friday as investors were reluctant to go long ahead of the weekend and amid ongoing worries over the euro zone.

Fed Will Administer Volckera to Cure Inflation Pandemic, and We’ll All Die

The Dow and S&P posted their worst Thanksgiving week since the Great Depression on a percentage basis

http://www.cnbc.com/id/45435459

Getting Short Up the Wazoo

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Gold Positioned To Pop

Subscribers, click here to download the report. Gold There are signs of cycles getting in gear to the upside, but no sign of thrust yet.…

I concluded last week that the small number of signals, particularly buy signals suggested that the rally was exhausted, despite the buys having the edge. I chose not to add any charts to the list, long or short, but held on to all of the shorts that had been on the list.

That looks to have been the correct judgement.

This week, I’m adding 5 more shorts to the list.