Index Checkup

Thanksgiving week is often very bullish for stocks, but it is also low volume. Down moves, being more volatile, can become very volatile during the holiday week. All the indexes, here represented by ETFs, are at important junctures. QQQ is approaching resistance (has been reliably bearish signal), IWM is testing its breakout (bullish if successful, bearish if not) and SPY is trying for a new all-time high.

The current focus of my bearishness is XLY, though it may be XLE again next week.