The U.S. stock indexes this week have hit new lows for the year as serious near-term technical damage has been inflicted, to suggest still more selling pressure to come. There are no early technical clues to suggest the U.S. stock indexes are close to bottoming out. So much for the seasonal “Santa Claus” rally in equities! Keep reading my daily reports. It was in those reports that you were warned in October that the U.S. stock indexes had put in major market tops and the more selling pressure was likely. Stay tuned!