The S&P 500 Index ($IPX) closed November at 3,621.63, up 351.67 points or 10.8% for the month. While an incredible move, it still paled in comparison to the 11.8% gains posted by both the Dow Jones Industrial Average and Nasdaq, the former with its best month (reportedly) since January 1987. As with a number of financial markets, there $IPX moved against recently established long-term bearish technical patterns. Recall from this past September when the $IPX posted a key bearish reversal indicating its major trend had turned down. That month resulted in a close of 3,363.00, down 137.31 points from August’s high monthly close of 3,500.31. More pressure was seen in October as the $IPX closed at 3,296.66, setting the stage for what looked to be more selling ahead. Then a funny thing happened on the way down, investors came tudhinh back into global stocks, pushing the $IPX to a new all-time last month. I hear all the arguments, bullish and bearish, on financial television every day. The bottom line is Newsom’s Rule #1 (Don’t get crossways with the trend), based on Newton’s First Law of Motion applied to markets, “A trending market will stay in that trend until acted upon by an outside force”, all while Newsom’s Market Rule #7 (Stock markets go up over time) plays out. At some point the $IPX will see an end to the uptrend that began at the end of February 2009. But for now, unless we are being duped by this monthly chart, the major trend remains up.