No Thanksgiving rally

DJ Resistance:  18,351     All-time high
                        18,206     Breakout
                        18,104     2014 peak
                        17,978     November peak important
                        17,914     Light but important

DJ Support:     17,810
                        17,680     Medium
                        17,596     200 days moving average
                        17,579     Very strong
                        17,210     Last bounce
                        17,125     Light
                        17,050     Very strong
                        16,933.43 September peak
                        16,667     Very strong
                        16,460     Light
                        15,980     Very strong
                        15,651.24 Important
                        15,370.33 Very important

Technical Analysis:
DJIA was in small range last week very well supported by DJ17,680, DJ17,579 and 200 days moving average. This shows a bullish-leaning for the short term. Last two weeks of trading were affected by terrorism in Paris.
The consolidation of DJIA over DJ17,050 and DJ16,933.43 (September peak) indicates bullish trend for the long run.
The attempt to DJ17,978 will gauge the bear-bull strength. Markets behavior on resistances are more significant than on supports.

Please click over the charts to enlarge them.

Fundamentals:
Retail sales of the weekend after Thanksgiving disappoints. The american consumers have stronger capacity to consume because the energy price fall, better incomes, no inflation and better consumer sentiment. But why did the sales disappoint? Because the consumers buy more through the electronic systems and they do that in the Christmas prior days. This is what I have realized last year.
This week and next we are going to get very important economic news like unemployment rate, non-farm payroll, factory orders and so on. These information is going to affect FED decision about the interest rate increase in December and next year.
Dear traders and investors, we entered in December and I expect a hectic month because all the economic news are going to be related to FED's interest rate increase and the possibility of a Christmas rally. I am positive with the stock market and I expect, for the moment, to have a rally in December based on the consumers which is important for the corporation earnings.

Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises