It would not be unusual to see the market consolidate or pull back some today, as is often the case after an explosive move. An increase in volume over the next few days would provide further evidence that the market is prepared for another advance.

World financial authorities have a number of balls in the air.  Gold market investors are betting that the authorities are going to drop one of these balls.

The stock market indices jumped with a big gap at the opening, and then ran hard in the morning after some strong economic news.  They reached their highs just before noon, and then pulled back or consolidated the rest of the day, but held onto most of their gains.

Mike Paulenoff thinks that Newmont Mining (NEM) might be primed for a new upleg.

Download Adrian Manz's Around The Horn Intraday Trading Plan PDF for December 1.

Dave Landry takes a one-minute look at the stock market in his video for December 1.

Deron Wagner has both long and short (inversely correlated) trades on his watchlist since the market is at an important inflection point.

There is a more positive tone towards the euro this morning in European trading, although short covering is surely a factor given the severe declines in November.

And if the euro fails, banks fail, companies fail, trade fails, and then US companies fail.  Who knows where this would lead?

The stock market indices suffered another down day today, and were particularly weak on Nasdaq.