NOVEMBER ALMANAC

STOCKS AND BONDS
We are holding our best seasonal percentage play, which is long the S&P's March futures contract from October 25 and holding until December 24 (page 100). Short-term traders watch for a rally the day before Thanksgiving and the day after, known as “Black Friday.” 30-year Treasury bond prices tend to decline in late November. We have a seasonal short play selling the June futures contract on or about November 20 and holding through April 28 the following year (page 106).
ENERGY
Crude oil continues to be in a seasonally weak period. We are still short from September, holding that position until about December 10 (page 82). November is a mixed month for natural gas, depending on the temperatures in the Midwest. Beginning in October, if weather patterns are mild, then we see less demand; prices tend to consolidate (page 145). Heating Oil has closed lower in November from October's close 17 of the past 32 years (page 148).
METALS
Look to go long a gold February futures contract on or about November 19 until about December 4 (page 104). The ...

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