Technical
This market is way over bought (chart):
http://www.bespokeinvest.com/thinkbig/2011/10/27/all-ten-sectors-overbought.html
Monday Morning Chartology
The S&P is well within its intermediate term trading range (1101-1372) and has now formed a short term up trend (1207-1313).
GLD, after testing the lower boundary of its intermediate term up trend two weeks ago, rebound sharply last week.
The VIX clearly broke out of the elevated zone of trading--a positive for stocks.
Fundamental
Thoughts on the Market from Zachary Karabell (medium):
http://bit.ly/v5YePm
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