Observations History repeats. U.S. equity indices normally move higher on the day before and the day after U.S. Thanksgiving. Good start this season! Natural gas and “gassy” stocks were a highlight on the upside yesterday. Traders are watching storage levels closely. Yesterday, a small, but slightly unexpected drawdown occurred. Historically, drawdowns start next week. Given winter weather conditions in the northern half of North America, look for a significant drawdown when the weekly report is released next week. Note: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2011 through 2015. The dashed vertical lines indicate current and year-ago weekly periods. U.S. equity markets are closed to day and are open on Friday to 1:00 PM EST. StockTwits Released Yesterday @EquityClock You may want to sell the breakout in the retail industry. Technical action by S&P 500 stocks to 10:00: Quiet. Breakout: $SYMC. Breakdowns: $JNJ, $AGN, $LLY. Editor’s Note: After 10:00 AM EST, four stocks broke resistance: WYNN, APC, GLW and FIS. Breakdown: AVB More “Gassy” stocks breaking out extending intermediate uptrends! ‘Tis the season! $CNQ.CA $APC. Materials SPDRs $XLB moved above $49.32 to 18 month high extending intermediate uptrend. ‘Tis the season for S&P Materials and related ETFs to move higher until at least early January! $XLB Trader’s Corner Daily Seasonal/Technical Equity Trends for November 23rd 2016 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Commodities Trends for November 23rd 2016 Green: Increase from previous day Red: Decrease from previous day Daily Seasonal/Technical Sector Trends for November 23rd 2016 Green: Increase from previous day Red: Decrease from previous day S&P 500 Momentum Barometer The Barometer was unchanged at 65.60 yesterday. It remains intermediate overbought and trending up. TSX Momentum Barometer The Barometer slipped 0.19 to 55.00 yesterday. It remains slightly intermediate overbought and trending up. Disclaimer: Seasonality and technical ratings offered in this report by www.timingthemarket.ca and www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed