Saturday, November 24, 2012

Hope you had a good Thanksgiving

MARKET RECAP                                                                               
Friday the S&P 500 was up 1.3% to 1409 (rounded).  VIX fell 1.1% to 15.14.  

NTSM
The NTSM analysis remained HOLD Friday.

Volume was light on a shortened day, so as I suggested Wednesday, there isn’t much we can infer from Friday’s action.

Let’s see what happens Monday.  I suspect a down day and I still think the trend is down. 

MY INVESTED POSITION
No change.