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.

The Fed Pulls The Plug, Macro Liquidity Cruiser Starts Its Turn

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

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

Benefit of the Doubt to the Upside Until Proven Otherwise

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Second, Even Bigger, Explosion of Sell Signals in Swing Trade Screens

This Friday’s screens had 26 buys and 136 sells. 9 of the buys were inverse ETFs, meaning that only 17 of the signals were bullish and 145 were bearish. This is a big number that indicates downside thrust, but it can also mean that it’s time for a minor bounce first.

When the Fed Balance Sheet Will Hit the Fan

This report examines and illustrates the most important line items on the Fed’s weekly balance sheet. It tells you what to look for to recognize when the markets will crash. Because that’s coming.

Market Variant Not As Bad As It Looks

Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.

Reason to Stay Optimistic on Gold

The 13 week cycle up phase aborted early and the pullback has negated the base breakout. When that happens there’s usually a recovery before a second high that confirms the top. I want to remain optimistic that this will only result in a mild correction/consolidation. As long as the 10-12 month cycle indicators continue to signal an up phase, that’s where I’ll give the benefit of the doubt.

An Explosion of Sell Signals in Swing Trade Screens

This Friday’s screens had 19 buys and 53 sells. 2 of those were inverse bond funds so we can ignore that. 51 sells is still a big enough number on the sell side to make me sit up and pay attention.