Today the sellers continued what they started yesterday. I’m a bit surprised that volume has been declining given the price action and that this is an expiration week. Perhaps we’re getting a bit of pre-holiday action already. And speaking of Thanksgiving, I’m taking off until the Monday, the 26th. I’ll “see” you all after the holiday. Here are today’s charts:
Trend Table
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Up | Down(-) | Down |
| Intermediate | Lat | Down | Down |
| Short-term | Down | Down | Down |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
*** I’m simply using the indices’ relations to their 200, 50 and 10-day moving averages to tell me the long, intermediate and short-term trends, respectively.
