The VDX charts from last week all resolved in the direction we forecast. SPY had a great run as did the seriously undersold XLU and AGG (total bonds).
Next week we can expect low volume and potentially higher volatility as Thanksgiving looms. Holiday season low volume days often produce higher ATRs (average trading range) than normal since the liquidity of market forces may not be available to play the counter-trend.
HFT's love those kind of days so be wary of attempting to buck the trend.
