Technical Analysis:

• The S&P 500 (SPX) traded higher in each of the four trading sessions last week, and closed at new all-time highs at 2213. 
• With the election behind us, the market should start to turn its attention to the Federal Reserve and the eventual rate hike that will come on December 14th when the next FOMC statement is released. 
• If it is anything like last December, it should create some jitters in the market as well as a potential selling catalyst that leads to a significant sell-off. 
• SPDRs S&P 500 (SPY) volume faded off, as expected last week due to the Thanksgiving holiday week. It is worth seeing whether the buyers come back in force this week, or whether investors decide to begin booking profits. 
• Some basing taking place in the CBOE Market Volatility Index (VIX). Bulls have been unable to put together so much as even a bounce on the index. Lows from August are in the crosshair this week. 
• Weakness has prevailed in United States Oil Fund (USO) last week, with a steep sell-off on Friday. The inability to reach an agreement on production caps is dampening prospects for a rally higher. 
• Russell 2000 (RUT) continues its historic run, rising for a 15th straight day on heavy, heavy volume.  

My Trades:

• Added one new swing-trade position to the portfolio on Friday. 
• Sold WMB on Friday at $30.12 for a 1.8% loss. 
• I will look to add 1-2 new swing-trades to the portfolio today. As well as building some short exposure. 
• I am currently 40% Long / 60% Cash

Chart for SPX: