The market took back the 1040 level and we saw the broken head and shoulders pattern.

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He has broken sharply with the fiscal pattern of earlier Labour governments in one respect, however.

ECONOMIST: Labour and tax

First Solar, Inc. (FSLR) broke out on big volume in August, and then consolidated in a beautiful, coiling wedge-type pattern that was broken on not enough volume in October.

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Hovnanian EnterprisesHovnanian Enterprises (HOV), while lagging some of our other picks of the last few weeks, has broken solidly out of a wedge pattern in the last couple days.

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That pattern may now be broken.

ECONOMIST: Germany��s economy

Upside resistance for the market stands at 1235, with then heavier resistance at 1245-1255, which is the broken neckline from the Head and Shoulders pattern from late July.

FORBES: Market Gives Back Overnight Gains As Euro Skepticism Grows

The chart of the Dow Jones Transportation Average reveals that the pattern of lower highs in 2012, line b, has just been broken.

FORBES: Lagging Sector Is Catching Up