Weakness On Housing Stocks

The biggest canary (just another one of those dead canaries that these miners are ignoring) is what's going on in the housing stocks. We got more bad news on housing this week you got no warning going forward from DR Horton I think the stock was down 10 percent.

Stock Market: The Gains From The Midterms Rally Will Be Surrendered

I thought that relief rally was just another dead cat bounce that the fundamentals and the technicals still looked horrible for the US stock market I expected that rally to reverse and of course that process has already begun Thursday and Friday I think it will continue next week and I think the rest of those gains will be surrendered.