Choppy Sideways Action Continues

This is a short week due to the Thanksgiving weekend in the United States.  As such, volumes will likely be lower than average and even the Canadian markets will likely see less volume.   This morning, futures are positive along with the DAX which may result in a gap open.  The market condition scans remain neutral, and the  market bias indicators are showing a moderate statistical bias to the upside.

Gold and silver continue to run speculatively higher on dollar weakness.

Happy Thanksgiving to any of our US readers.

Index	Change	%Change	Level	Phase
TSX	-20.97	-0.18%	11579.33	Bullish
DJIA	-14.28	-0.14%	10318.16	Bullish
Nasdaq	-10.78	-0.50%	2146.04	Bullish
SP 500	-3.52	-0.32%	1091.38	Bullish
Russell 2000	-1.00	-0.17%	584.68	Warning
NYSE	-33.17	-0.47%	7084.47	Bullish

Source: Telechart

Short Term market outlook:

Bias: Scans showing a neutral bias

Energy: weak

Primary Trend: sideways to down

Market: Trading Range

Sector	Phase
Consumer Staples	Bullish
Healthcare	Warning
Technology	Bullish
Utilities	Warning
Energy	Bullish
Financials	Warning
Industrials	Bullish
Materials	Bullish
Consumer Discretionary	Bullish

Source: Telechart