SPX XOI DUG 112707

This November has been one of the worst for the market in a few years. With it finishing on Friday, will we see any window dressing? It may be difficult finding any stocks worth dressing up.

SPX bounced off the bottom of it’s 60 minute trendline, and has room to the upside trendline around 1440.

Oil stocks are taking a breather here. XOI traded lower after falling under trendline support on the 60-minute chart.

That helped the ProShares Ultrashort Oil and Gas ETF, DUG break higher. That’s some nice volume on the breakout, with an open void above.