Door Busters

For Monday:

The last two days of the TradeMaven Inside Edge Open House are Monday Nov 26th and Tuesday Nov 27th. TradeMaven Inside Edge is a comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures. This unique forum is the brainchild of Charles Cochran – a trading pro who has spent the last 15 years fine-tuning a proven methodology that eliminates extraneous information and concentrates on the market activity that foretells the market's next move.

TradeMaven Inside Edge features the necessary analytics and execution information in one place to speed up your decision process, keep you on the right side of the market, and eliminate so much of the noise that surrounds trading today.

Join us Monday Morning at 7am Central in our Chat Room; the trial is FREE.

Click on this link: www.trademaven.omnovia.com/tmaven to enter the chat room. The Password is "education".

Monday's Outlook
The rally on Friday was done on low volume. It appears that everyone was up early to go shopping for "door busters" rather than trading. Retail stores were reporting large crowds (and my wife was out there at 4am...crazy) but the day after Thanksgiving is the pivotal day for retail sales. I am expecting lower overall sales this holiday season. Add this to the current economic climate and this bear trend will continue until the next Fed interest rate cut (at least).

So don't be fooled by low volume rallies and door busters; trade the short side until the market shifts -

Upcoming Reports: Consumer Confidence on Tuesday, Nov 27th @9am Central.

Pivot Support and Resistance levels for Monday, November 26th: