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November 2005 Commentary

November Commentary:

For the week ending November 4^th, 2005

Dow Jones Industrial Average weekly gain 1.2%

The Nasdaq composite index weekly gain 3.8% best weekly gain in 14 months

The S & D 500 index weekly gain 1.8%.  In the past four years, the S&P 500 has risen sharply in the fourth quarter

The Euro fell to a 1.5 year low, sliding 1% at $1.1822

Gold ended lower, the benchmark December contract fell $4.00 to $457.90 an once and was down $16.90, or 3.6% for the week

For the week ending November 18^th, 2005

The Dow Industrials gained 0.75%.  The NASDAQ composite and S&P 500 indexes rose 1.19% and 1.02% respectively.

For month end November 30, 2005

Stocks had a good November as robust gains by the major indexes fueled hopes that we might have started a Santa Claus rally.

The Dow Jones Industrial Average rose about 4.3% during the month, the Nasdaq Composite climbed 5.3% and the S&P 500 added about 4.2%.

We had a very nasty October, which created a high level of gloom and an oversold market.

November turned out to be positive, corporate earnings were good and there is some who believe that the Federal Reserve was nearing the end of its rate, maybe two more.

The steel sector rallied, climbing 14% after Dofasco Inc. received a few buyout offers.

The aluminum group also advanced as prices of this metal rallied along with those of other commodities. Strong demand from growing economies like China and India are seen as one factor that could keep aluminum prices high. This sector gained 16% during November.

Still, as of November 29^th, only eight of the 100 sectors that the Dow Jones tracks were in the red for the month.