Stocks could (emphasize could) be starting a re-test process, where the major indexes again fall back to their October 10 levels.  Historically, bear market bottoms see these re-tests, and they usually occur anywhere from 25 to 40 trading days after the initial low (October 10, in today's scenario).  So we're right on schedule.

 

 Economic Cycle Research Institute. The firm basically invented the concept of leading economic indicators

 

A further positive for the bulls is that, according to Jeffrey Hirsch (Stock Trader's Almanac), the Dow has been up 12, out of the last 14 years during the week before Thanksgiving.