Monday Evening

SPY Daily Chart (end of day)

Monday was an inside day.  That suggests the prevailing trend should continue.  IBD declared market is in confirmed uptrend after calling Friday a follow through day.  I'm sure we could argue some of these "facts" since last week had a holiday and a shortened trading day.  More importantly, I want to point out the rectangle on the stochastics chart showing we are still on a buy signal and the SPY closed with tall green bars on the 1,2,3, 5, 10, 15, 30 and hourly charts.

Monday Afternoon

DDD Daily Chart (11:10AM)

There continues to be a lot of buzz about 3D printing (look also at SSYS) and it is my opinion we haven't even reached the 1st inning yet.  The teams are just finishing up batting practice.  If you have room in a loooooong term account I think you will be very pleased in 3 years if you grab some of each of these companies on any kind of a pullback and just forget about them.  The oval on the DDD chart highlights the completed W pattern that I used for starting one of the multiple rides up and down I have traded.

SSYS Daily Chart (11:15AM)

Cyber Monday Morning - Buy something on line.

Notre Dame only has to wait 5 more days ...

What is it that the Irish are waiting for?  Saturday night they learn who's gonna kick their butts for the national championship.  I like Georgia to upset Alabama in the SEC championship game but whoever wins that one will be the national champion.