Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Monday's action: Nov. 25, 2019 Dow 28066.38 +190.85 (0.68%)Nasdaq 8632.48 +112.60 (1.32%)SP 500 3133.64 +23.35 (0.75%) Stocks surged higher on Monday to lift the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average to new record highs, as investors reacted positively to Chinese efforts to better protect intellectual property rights. Sizable M&A activity across several sectors also supported risk sentiment. The S&P finished up 23 points. News to keep in mind Tuesday morning: Futures trade vs fair value were slightly higher late last night.Dow +12, S&P +1, Nasdaq +4, Russell +2.The biggest factors in the market right now are; the Global Economy, China trade talks, Fed speak, and the US Treasury markets.Keep an eye on the VIX - The CBOE Volatility Index is under 13, this is a risk on level. Very low reading.CHINA TRADE WAR is still something to be aware of. Today's Economic Calendar: 9:00 AM ET, S&P/Case-Shiller House Price Index for September. The consensus is for a 3.2% year-over-year increase in the National index for September. 9:00 AM, FHFA House Price Index for September 2018. This was originally a GSE only repeat sales, however there is also an expanded index. 10:00 AM, New Home Sales for October from the Census Bureau. The consensus is for 707 thousand SAAR, up from 701 thousand in September. 10:00 AM, Richmond Fed Survey of Manufacturing Activity for November. This is the last of the regional Fed manufacturing surveys for November. THE CHARTS: (NOTE: Charts are a good guide but when a tweet or news item can jerk the markets around, they mean a bit less.) The markets ended higher on Monday making new all-time highs. Our charts had some beneficial changes today. The MACD leveled off after a little dip and is still a positive. The Money Flow remains very positive and we are no longer overbought on the Stochastics. We remain well above any of our support levels. In fact, 310 acted as a bit of a support level the last few days. The current set-up under 'normal conditions' is telling us we should continue to move sideways or up. We notice the 20, 50, and 200 day moving averages are all in alignment and are all moving higher. The current price is also above all three MAs, which is good usually. Keep in mind and how far we have risen and how fast we have gotten this high, a bit of caution is needed. Although at the same time, there is nothing saying we won't just keep drifting to new highs for the rest of the year and start of the next. As we previously written, you can let winners run, but we would not use excessive margin or open any new large positions. The Vix is under 13, which is risk on for the markets. The MACD is positive. The Stochastics are neutral. The Money Flow is very positive. We are above the 50-day MA. The 20,50,200 day moving averages are in a positive alignment and heading higher. The 50-day MA (301.47)(+.29) and the 200-day MA (290.03)(+.23) On the 9-month chart below, we have broken out to new highs with the previous tops line near 302.50 acting as our support level. We remain in an uptrend channel, but be aware near the top end of the channel. Nasdaq Composite +30.1% YTDS&P 500 +25.0% YTDDow Jones Industrial Average +20.3% YTDRussell 2000 +20.3% YTD $DIA $SPY $QQQ $IWM Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page. With our Daily Trackdowns, check back for additional analysis/observations during the trading day in the comments by us or our readers.