Holidayshortened weeks (like this week) have a tendency to be bullish and the Thanksgiving holiday is more bullish than most. But with the Hybrid Lindsay model pointing to a low on November 28/29 – combined with a number of other bearish metrics – it’s hard to get bullish this week. Seasonal strength during this week’s holiday shortened trading (US Thanksgiving holiday) is typically followed by weakness in early December.
The yield Curve (30s minus 5s) has broken its downtrend. This triggered major bear markets in 2000 and 2007 (chart).
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