Dave Landry takes a one-minute look at the stock market in his video for November 19.

Market volatility and the accompanying price reversals suggest a cautious approach to trading. A period of consolidation would be healthy before another advance.

The feds spend about one out of every four GDP dollars in the US. They collect, however, only about one in every five or six dollars worth of GDP. That is a pretty big gap – nearly 10% of total GDP.

The stock market indices had a really spectacular morning, in particular, where they gapped up huge, ran hard, tested the 2145 area on the Nasdaq 100 and the 1200 area on the S&P 500, and backed off.

The decline in Archer Daniels Midland (ADM) from the October high at 34.03 into Tuesday's low at 29.37 (-13.7%) has found support in a critical area.

Download Adrian Manz's Around The Horn Intraday Trading Plan PDF for November 18.

Dave Landry takes a one-minute look at the stock market in his video for November 18.

The wild and loose price action suggests that SLV will need several weeks of base-building before it can stage another intermediate-term advance.

Download Adrian Manz's Around The Horn Intraday Trading Plan PDF for November 17.

Ben Bernanke maintains that what he is doing is merely an extension of normal monetary policy. It’s not. It’s a daredevil maneuver in which the Fed funds about 100% of the US government’s borrowing needs over the next 8 months.