Market Rally

The US markets are rallying on November housing starts as they smashed expectations jumping 9.3% to 685k.

S&P 1231 +26 (2.15%)

S&P 3 Year Chart

Out of X $25.83

9% loss. No questions, no looking back.

S&P Action

S&P is having trouble with the 200 dma and look at the action at around 1245. Which way are we gonna' go? Don't forget about the summit.

US Steel (X - $28.88)

Double Top Breakout. Into spec stake.
I'd look at some STLD with a break above $13.90

S&P 1220

With the exception of some DE I haven't done much buying yet. With the S&P currently at around 1240 I'd like to see the S&P settle back to 1220 before staging a rally.