{"id":15729,"date":"2011-11-25T19:30:00","date_gmt":"2011-11-25T19:30:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/thanksgiving-week-recap\/15729\/"},"modified":"2011-11-25T19:30:00","modified_gmt":"2011-11-25T19:30:00","slug":"thanksgiving-week-recap","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/thanksgiving-week-recap\/15729\/","title":{"rendered":"Thanksgiving Week Recap"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><br \/>\n<!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><br \/>\n<!--\/mfunc--><\/p>\n<p>This week saw my longer term trading signal roll over and signal that it is not safe to be holding momentum stocks at this time. It doesn&#8217;t take a genius to see that the trend on all\u00a0time frames\u00a0remain down, but it does take a lot of restraint to keep oneself from gobbling up what looks like cheap stocks. Because if my hunch is correct they&#8217;re going to get a lot cheaper. Yes we are overbought, but until we see a high volume flush out day we&#8217;re just going to grind lower. Watch for a day where the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/nasdaq\/today.aspx\">Nasdaq<\/a> eclipses 2.5 billion shares and then start nibbling on some overbought plays. I mentioned a few that I like in <span style=\"color: #3366ff;\"><a href=\"http:\/\/www.zentrader.ca\/blog\/?p=9986\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #3366ff;\">this post<\/span><\/a><\/span>.<\/p>\n<p style=\"text-align: center;\"><em>Financials look sick and like they want to retest the 09&#8242; lows.<\/em><\/p>\n<p><a href=\"http:\/\/www.zentrader.ca\/blog\/wp-content\/uploads\/2011\/11\/XLF-Technical-Analysis2.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10010\" title=\"XLF - Technical Analysis\" src=\"https:\/\/web.archive.org\/web\/20111128050327im_\/http:\/\/www.zentrader.ca\/blog\/wp-content\/uploads\/2011\/11\/XLF-Technical-Analysis2.png\" alt=\"\" width=\"550\" height=\"425\"><\/a><\/p>\n<p><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p style=\"text-align: center;\"><em>Just when the homebuilders looked like they wanted to buck the markets, they falter at support.<\/em><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.zentrader.ca\/blog\/wp-content\/uploads\/2011\/11\/XHB-Technical-Analysis.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10011\" title=\"XHB - Technical Analysis\" src=\"https:\/\/web.archive.org\/web\/20111128050327im_\/http:\/\/www.zentrader.ca\/blog\/wp-content\/uploads\/2011\/11\/XHB-Technical-Analysis.png\" alt=\"\" width=\"550\" height=\"425\"><\/a><br \/> <em><span id=\"more-10009\"><\/span>Dollar looks like it wants to test the 11&#8242; highs. That&#8217;s my next target.<\/em><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.zentrader.ca\/blog\/wp-content\/uploads\/2011\/11\/USD-Technical-Analysis1.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10012\" title=\"USD - Technical Analysis\" src=\"https:\/\/web.archive.org\/web\/20111128050327im_\/http:\/\/www.zentrader.ca\/blog\/wp-content\/uploads\/2011\/11\/USD-Technical-Analysis1.png\" alt=\"\" width=\"525\" height=\"375\"><\/a><br \/> Remember when this was at $120 and Karen said it was going to $50. I do because I wanted to buy calls on it then and she advised against that trade. That was a freebie &#8211; imagine what&#8217;s inside her <span style=\"color: #3366ff;\"><a href=\"http:\/\/www.zentrader.ca\/blog\/?p=125\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #3366ff;\">Astrology Traders Premium Service<\/span><\/a><\/span>. And if you are on the fence at all, now is a good time because a price increase is coming soon.<br \/> <a href=\"http:\/\/www.zentrader.ca\/blog\/wp-content\/uploads\/2011\/11\/NFLX-Technical-Analysis.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10013\" title=\"NFLX - Technical Analysis\" src=\"https:\/\/web.archive.org\/web\/20111128050327im_\/http:\/\/www.zentrader.ca\/blog\/wp-content\/uploads\/2011\/11\/NFLX-Technical-Analysis.png\" alt=\"\" width=\"525\" height=\"425\"><\/a><\/p>\n<p><a href=\"http:\/\/www.zentrader.ca\/blog\/?p=125\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10015\" title=\"480x60-banner-ad\" src=\"https:\/\/web.archive.org\/web\/20111128050327im_\/http:\/\/www.zentrader.ca\/blog\/wp-content\/uploads\/2011\/11\/480x60-banner-ad2.jpg\" alt=\"\" width=\"480\" height=\"60\"><\/a><\/p>\n<p><a href=\"http:\/\/www.zentrader.ca\/blog\/?p=10009\" target=\"_blank\" rel=\"noopener\">Read more here<\/a><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/8220brace-for-economic-downturn8221\/15758\"><br \/>\n&#8220;Brace for Economic Downturn&#8221;<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/you-don8217t-have-to-be-nostradamus8230\/15755\"><br \/>\nYou Don&#8217;t Have To Be Nostradamus&#8230;<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/upside-targets-for-us-amp-canadian-markets\/15742\"><br \/>\nUpside Targets For US &amp;amp; Canadian Markets<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/thanksgiving-week-recap\/15729\"><br \/>\nThanksgiving Week Recap<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/copper-triggers-a-short-signal\/15699\"><br \/>\nCopper Triggers A Short Signal<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/seeing-many-oversold-indicators\/15660\"><br \/>\nSeeing Many Oversold Indicators<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/boundary-lines-in-crude-oil\/15577\"><br \/>\nBoundary Lines in Crude Oil<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n.<\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Zen Trader <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>This week saw my longer term trading signal roll over and signal that it is not safe to be holding [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[6],"tags":[58,1827,1915,1945,2004,2005],"class_list":["post-15729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot-stocks-to-watch","tag-nflx","tag-xhb","tag-technical-analysis","tag-commodities","tag-usd","tag-xlf"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/15729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=15729"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/15729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=15729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=15729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=15729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}