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Hello Everyone,

- Video Format - view on a desktop monitor or large Ipad if possible (Not your phone)

- Standard format with the chart URL's etc

Quick Comments

First off the trend is strongly up on every time frame, short term, intermediate, and long term. 

On a slight warning however, the market is VERY stretched. In fact one in the first image I show below from Real Investment Advice, over the last 17 days the SPX has only had 2 down days - this has nice happened in over 20 years. 

Secondly, the both the VIX and VVIX rallied late last week off a potential double bottom. What's more, the VVIX closed over its Vomma 110 line, that's been a great warning signal, that we've been using for the past year. 

Furthermore, while November tends to be one of the strongest months for the market (up 2.2% on average), from a seasonality historic standpoint there is generally weakness / consolidation mid month before the typical strong Thanksgiving week rally.

Other than that, gold and precious metals have perked my interest.

Matt

Providing high quality market analysis with an emphasis on technicals education since 2003.

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