Giving Thanks (for nothin!)

Mr. Market (the cornball term I see used in other blogs about the stock market) hasn't been kind to us bears for the past five months. Today was sort of a do-nothing day, although the Dow managed to eke out another 5 point gain. I imagine this Friday's half-day will be equally as thrilling, if not moreso.

I marked up the Russell is kind of an interesting way. Check out what happens after each breakout. I'll leave it to you to draw your own conclusions. Hopefully my mark-ups will be helpful to you in your own analysis.


The $XMI, whose breakout really presaged a lot of the recent strength, is clearly losing steam here.


I've got a few ideas to throw your way. Here's AEM, which is a nice play on shorting gold.


BZH is actually a long idea (bullish) that I've offered before; here's an updated chart.


GS continued to be very strong today. But check out the volume. Looks like this is being pushed up by less and less strength.


Hilton (HLT) seems to be nearing the underside of its trendline. I've pointed out the various times it has "bounced" off this trendline (for both upward or downward motions).


SHLD remains a gorgeous cup with handle pattern. Amazing how far this company has come from its near-bankruptcy.


A short play on energy is probably better realized via XLE as opposed to OIH, the latter of which is a mess right now.


I appreciate all the nice comments lately. It's encouraging to get such positive feedback. Many thanks, and - - miserable market aside - - I hope everyone enjoys a feast tomorrow with those for whom they care.