- USA TRADERS THREAD -

Rag the buyers are still eating turkey the others are moving funds into Gold and Japan. It needs some large fundies to rally the sheep otherwise we're going lower, trouble is they appear to have left the rather less experienced to steer the ship during light trading days (the volume is very low), if 10700 goes we're on the verge of a down trend IMO. My guess one big bounce up when the potential buyers have finished feasting on turkey, then drift down for weeks if industrial commodities and oil prices continue rising with strength. If they don't then there's a chance the Dow might recover that's what I think (but for how long will be the question).

It's worth mentioning the sector movements on the S&P have turned from defensive to mixed, with money moving back into energy, materials and industrials (all growth stocks). These have started moving from Utilities, Healthcare and consumer staples. Now this could be positive or it could mean we do really have amateurs making decisions during the holiday period. :-)