Turkey Week

By: Ed Carlson | Tue, Nov 22, 2016
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Holiday shortened 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).

S&P500
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Ed Carlson

Author: Ed Carlson

Ed Carlson
Seattle Technical Advisors.com

Ed Carlson

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent trader, consultant, and Chartered Market Technician (CMT) based in Seattle. Carlson manages the website Seattle Technical Advisors.com, where he publishes daily and weekly commentary. He spent twenty years as a stockbroker and holds an M.B.A. from Wichita State University.

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