26-Nov

DOW Rallies 247 points prior to Turkey Day!

The markets added another up day making it 4 in a row as we head in the long weekend as the Thanksgiving Holidays begin. We have to go back several months to find 4 up days in this Bear Market.Volume was light as expected before we go into a holiday weekend. Up volume was again 90% so breadth was strong. The news is still grim and likely will be for some time. It always is as market tries to go thru a bottoming process. By the time the news becomes positive the markets will be in an early stage of a bull market. We still have a lot of issues to work thru and this remains only a bear market rally for the moment. Until we can test supports and they hold for more than a day we will not know if we have a chance for a bottoming process to take hold.I hope those of that will be celebrating the US Thanksgiving Holiday will stay safe and Happy Holidays. The Markets are closed tomorrow and will be open only half day on Friday.

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