The bulls were sidelined ahead of the typically bullish Thanksgiving, though last Friday saw a nice trending market for half a session. A bullish engulfing bar is formed on S&P 500, but we need to see follow through in the days to come before calling a bottom because I don't give much weight to a half day session. Otherwise, we are still in a short term down trend.
Tue: National Home Price Index, Consumer Confidence Notable earnings: AEO, ADI, DBRN, MRVL, SIGM
Wed: Existing Home Sales, Durable Orders, Fed Beige Book Notable earnings: ARO, CWTR, MW, DLTR, SNDA
Thurs: GDP, GDP Deflator, New Home Sales Notable earnings: DELL, OVTI, SHLD, VIP, ZUMZ Fri: Personal Income, Personal Spending, Core PCE Inflation, Chicago PMI, Construction Spending Notable earnings: BIG, TIF