Bank of America (BAC) has emerged to the upside from its one-week coil pattern.

General Motors (GM) has managed to hold onto the bulk of its 80-cent, 2.4 percent upside reversal from Friday.

Applied Materials (AMAT) was the beneficiary of a Barclay's upgrade this morning.

The S&P 500 saw yet another squandered opportunity by the bears to inflict some meaningful damage to the powerful upmove off of the late-November lows.

From a big picture weekly chart perspective, the series of higher lows and higher highs off of the October 2008 bear market low is the dominant pattern that underpins the iShares FTSE/China 25 Equity Index (FXI) right now.

Mike Paulenoff notes that the developing top formation in the SPDR Gold Shares (GLD) remains intact.

The eventuality of higher longer-term Treasury yields in the weeks and months ahead appears to be relentlessly marching towards us now.

Purely from a technical perspective, the E-mini S&P 500 needs to accelerate to the upside out of its marginal new high pattern very soon.

Mike Paulenoff thinks Archer Daniels Midland (ADM) is preparing to thrust to the upside.

If the ProShares UltraShort 20+ Year Treasury ETF (TBT) continues to strengthen, it implies higher yields, which should be a very favorable development for banks like Bank of America (BAC).