Well, I was partially right about last week. The market gave us a three day rally but sold off into the weekend. However, my predictions regarding the Euro and the 126 level were dead wrong. Events in Europe are quickly coming to a head and the efforts of European politicians to "kick the can down the road" are coming to an end.

Most of the major indexes finished the week up marginally from the previous week. The notable exceptions were the Russell 2000 which underperformed it's large cap brothers and the Mid Cap index was also down close to 1/2 percent.

Technical analysis of the Nasdaq 100 and Copper for December 2, 2011

Silver and copper have recently been going through their own private bear markets. Since the open on September 1st, silver futures have sold off by more than 25%. During the same time frame, copper futures sold off by around 24%. Both metals are extremely oversold, but lower prices are still possible.

Shares of Geopulse Exploration Inc. (OTC:GPLS) slid modestly on Wednesday following a heavy gains in the past few trading sessions.
GPLS shares started running higher on last Wednesday, when the stock soared from $0.08 to $0.26 a gain of 225% on low volume, which were about 428K shares.