Technical Analysis:

• Strong rally on S&P 500 (SPX) yesterday to jump start what is historically a bullish week of trading. 
• As has been stated in previous trading plans, the 5-day moving average continues to remain intact for the market as well as being tested on a daily basis. 
• Volume on SPDRs S&P 500 (SPY) dropped yesterday from the previous day’s reading and remains well below recent averages. Essentially, the high emotional-levels of traders buying everything in sight is receding, which means you may see some consolidation in the near future in price action. 
• CBOE Market Volatility Index (VIX) continues to get crushed for a third consecutive day, and dropping 3.4% down to 12.42. That is the lowest closing level attained since September 28th.
• With the break of the rising trend-line from the August lows, I think the VIX is poised to test those lows again which would be 11.02.
• United States Oil Fund (USO) appears ready to make a run again towards the October highs, following the massive breakout yesterday. In order to do so, any weakness today, must avoid a move back into yesterday’s gap. 
• SPX 30 minute chart continues to trend higher – a near-perfect series of higher-highs and higher-lows. 
• Nasdaq (COMPQ) established new all time highs yesterday with the Dow Jones Industrial Average (DJIA), Russell 2000 (RUT) and SPX. 
• Expect volume to get very light as the week moves closer to the Thanksgiving holiday. 

My Trades:

• Did not close out any of my long positions yesterday. 
• Added one new swing-trade to the portfolio yesterday.  
• I may add a new swing-trade to the portfolio, but am also content in riding the portfolio as it currently is. Very strong and profitable. 
• I am currently 50% Long / 50% Cash

Chart for SPX: