Stock Market Analysis – 11-20-2009

November 23, 2009 at 12:02 am · Filed Under Broader Market 

S&P 500 Daily Chart

After a solid bounce, the bottom trendline came away unscathed again.  $1050 looks like the mark to watch right now.  The holiday season is upon us, so we’ll have to see if it can hold up.  The volume has already declined, and most likely will ebb even more through the holidays, so pay attention to any days with noticeable action. Most likely the Monday after Thanksgiving will be interesting after the retail numbers come out.

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