Worries of a global slowdown and the impeding “fiscal cliff” have many believing the US stock market is not strong enough to break above its three-year trend. Instead many are looking for the trend to continue, which means the market has reached its upper limit.

Happy Monday! Two quick thoughts to start the week off: The US stock markets have been trending upward nicely the past few weeks:

In fact, I am starting to see a few buy signals on various research models I follow. However, short term traders have taken notice of a different trend: