Weekend Linkfest

Happy Festivus! (Also, you have two shopping days left until Christmas!)

Well, that was pretty wild: It was a week that technicians will be pointing to for some time to come. Volume was anemic as we absorbed a plethora of economic news.  For the week, the mega-cap Dow Jones Industrial Average declined less than 1% (0.8%, to be exact), while the S&P 500 index fell 7 points (down 1.1%). The Nasdaq lost 2.3% over the past five days -- this was worst week for the tech-heavy index since July, not only due to the poor showing, but because the Nazz broke the uptrend in place since those July lows.

The big losers for the week were the transports: The Dow Jones transportation index dropped 4.2%, led lower by earnings warnings and weak outlooks from the likes of YRC Worldwide(YRCW Quote), C.H. Robinson Worldwide(CHRW Quote), FedEx(FDX Quote) and UPS(UPS Quote) (more on Dow Theory below). ...