TSG Stock Letter – A real turkey of a week in more ways than one…

Dear Trader,

TSG Stock Letter – A real turkey of a week in more ways than one…

Week Ending November 23, 2007

Topics Discussed This Week:

* A real turkey of a week…
* Leaders tick higher – rally hopes re-ignite?
* Fed – All quiet on the money front
* Earnings weakness continues
* NAHB housing market index stays in the gutter, permits drop
* … Dear Trader,

TSG Stock Letter – A real turkey of a week in more ways than one…

Week Ending November 23, 2007

Topics Discussed This Week:

* A real turkey of a week…
* Leaders tick higher – rally hopes re-ignite?
* Fed – All quiet on the money front
* Earnings weakness continues
* NAHB housing market index stays in the gutter, permits drop
* Flashlight beam in the tunnel?

After a ho-hum week last week, stocks did the slow roll over
this 3½ day week on low volumes as traders and investors took
time to smell the gravy. While stocks rallied on anemic volumes
Friday thanks to initial reports that Black Friday was being
kind to retailers, the overall picture remains negative from
both a technical and a leading economic indicator perspective.

Financial stocks were again weaker on deteriorating earnings
growth and this has stolen a major gust from the bull’s sails
– until this quarter, strong earnings have been a significant
stock bulwark in support of higher prices. Given the low volumes
and conflicting market signals, next week will be worth watching.

It may hold some surprises as well…

*****************************************************
To read this week’s STOCK LETTER please go to
http://tradesystemguru.com/content/blogcategory/34/68/
*****************************************************
To read this week’s INTERMARKET LETTER tomorrow see
http://tradesystemguru.com/content/blogcategory/35/69/
******************************************************