R.C. Market Report 11.26

• Friday's Forecast: Slow Half Day

• Another day of very bullish price action on declining volume. Aside from gap down at opening, it amazed me to see no profit taking. Market sentiment seems to be changing with hope starting to creep in. A lot of traders that are skeptical may be more inclined to take interest in this rally now. With low volume trading, I believe this rally will be tested within the next couple of weeks. But I like the chance of us not returning down to the low of Nov. 20.

• Friday: Half day trading ending at 10am PT. Aside from some action in the morning, I don't think much will happen on this day. It may be setting up for action on Monday so I need to watch out for that.