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The video in this report is only accessible to members

No change - Near-term trend for US Equities is bullish, and likely should push up into the Thanksgiving holiday.  Treasury yields and US Dollar might weaken a bit further over the next 3-5 days, but larger breakdowns look premature.  An Equity rally looks likely into 11/24 or 11/27-28 before consolidating into early to mid-December.

Early Friday losses gave way to gains through mid-day Friday and prices still look positioned to rally in the days to come ahead of the US Thanksgiving holiday.  Financials and Consumer Discretionary gains looked to be more important than Energy’s bounce, and the reacceleration in Regional Banks in particular looks important towards helping US markets extend at a time when many Technology names are starting to get stretched.

(I’ll repeat these comments in the paragraphs below for those that missed from recent days, as they’ll continue to be relevant for markets into next Wednesday.)

Following a rally into next week, investors need to be on alert for any hint of negative market breadth, or DeMark-based exhaustion appearing on indices and/or on Treasury yields which might be important towards signaling that consolidation might be overdue.

Finally, 11/27 stands o...

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