Settling near the highs of the session stocks put in a solid day of consolidation. Volume fell more than 20% across the board, a very good sign institutions weren’t selling. After such a big run up, a day or two of consolidation is a very healthy signal. Crude oil settled lower, but natural gas is in the midst of forming what it appears to be a bottom. While a positive sign for those drilling for the natural resource, but not a particularly good sign for consumers.

It was no surprise that there was some pullback in our net worth value after a record setting gain in our October net worth.

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In the last few weeks the market rally has been characterized by light volume overnight gaps. This is not a healthy sign. Let's review some of the issues weighing on the market. China's economy is slowing down. In 2011 they slammed on the brakes by raising interest rates and bank reserve requirements six times. Their Finance Minister painted a very weak picture for Q1 and he cited rising costs. China's CPI came in higher than expected last night and that might postpone easing. Economic conditions in Europe are also slowing down.

But nice conflict still acts between the assetts still acts. 
For instance HIG, GS, MS, BAC ie. kind of Mr. Paulson financials are somewhat building upside momentum with sideways patterns which can be of cource be IV waves also but if so, they can be also relative time consuming one´s if considering what kind of drop there is behind and it is bit difficult to see them very bearish for this reason either. There is many other options exist but divergences itself suggest still more the longside.