As November comes to a close, US Equities closed on a positive note despise low volume on a trade-shortened week ahead of the Thanksgiving holiday: Based on the previous bullish channel that I had constructed many weeks/months ago we have bounced back into that channel and, at this point I would reconstruct my bullish channel […]

This week saw a pullback in US equities as the SPX (S&P 500 Index) closed ~2% lower than last week’s close:

It was a fairly uneventful week in the US equity markets with the SPX (S&P 500 Index) still in a consolidation mode in the 6600-6900 zone and closing essentially unchanged on the week:

For readers that may have been wondering why they haven’t seen a review from me in a couple of weeks I apologize. I purchased a new computer two weeks ago and tried to move all my files to the new computer – but  something went badly wrong and, even though the files were backed up/syncronized […]