NEW YORK ( TheStreet) -- A week ago market sentiment turned on a dime when congressional leaders announced that they were optimistic of finding a compromise solution that prevents the economy from falling off the fiscal cliff. I for one was quick to recognize the changed environment for U.S. equities even though I remain bearish longer term.Some key levels were penetrated to the upside on Monday setting the stage for the Thanksgiving week rally, which is building a base for a potential Santa Claus rally even with continued negative weekly chart profiles for the major equity averages. Some of the weekly chart profiles could shift to neutral as Santa and his sleigh prepare to leave the North Pole a month from now.
Holiday Spirit Relieves QE Fatigue
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