The December Mini S&P Index is down one point at 1102.75 this morning as I write.  The included chart shows that the uptrend in the stock market is still intact.  Prices are still in the vicinity of the target level they should be in at this time based on the previous two or three rally and correction cycles.  The 1115.00 area should be the high end for this cycle before the next 4 to 6% correction.  The timing is for the correction to begin right about now.  Again, my experience has been over the years, that just when you think you have figured a trading cycle out, something else happens.  All the same worries for the market are still in place technically.  The volume on the rallies have been lower and the volume on the correction selloffs have be higher.  That is normally not good.  Trends usually follow the volume.  I still recommend standing aside in the mini S&P for now.  If you have a full stock portfolio, and your are nervous, you can always take some profits off the table, or but put options on stocks you own or write covered calls on stocks you already own.

 David Hall

 The information  and opinions contained herein comes from sources believed to be reliable, but are not guaranteed as to accuracy or completeness. The risk of loss in trading futures and/or options can be substantial. Each investor must consider whether this is a suitable investment. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not  necessarily indicative of future results.