Weekly 'Market Observations':

Markets saw stronger selling this week, the strongest down week in over a year for several major Indexes. We find the weakest sector and those stocks that led the decline this week. We also prepare for next week and several big tech names that report Earnings. Anything can happen, so we prepare accordingly. Enjoy.

Markets pause, attempt a failed rally then attract strong selling. A second week of decline and a day of very strong selling overpowers the few leaders. Lots of charts to study and L-earn from.

Markets pause and pull back a little with a small gap down without any follow through lower that is followed by a large gap up the next day and very strong selling the last 2 hours to new lows. Friday saw a partial recovery bounce. Markets remain over-reactive to news events. See how we follow the changes in leadership to find high odds trading opportunities.

We see quiet market this week with the Holiday on Friday. Most markets drift a little lower for two days then see a brief rally the last 30 min. on Wednesday and hold up Thursday with a last hour rally to new record highs in the S&P while the Nasdaq fails to rally and consolidates all week. We find out what is behind this divergent behavior this week as sectors rotate.

Markets pause until the Fed meeting minutes, then explode to new highs in reaction to no rate change. A gap to new all time highs is soon sold off as the markets return to their consolidation patterns. We follow the money and the strength.

The markets decline for a day then experience a failed rally that was followed by a decline the rest of this week. Narrow leadership tends to continue with some sector rotation this week. Finding and following the leaders delivers some significant opportunities for the bulls and the bears.

The markets pause, pull back a little then resume their rally to new record highs. A Reversal and strong selling followed. Narrow Leadership again drive most of the major Indexes. What clues do we see in the charts for what may be next?

Markets pause then resume their rally to new record highs. Tracking relative strength to be prepared for major break outs before they happen.

Markets pause, experience a strong one day selling event then try to resume their rally before ending the week with losses in most major Indexes. Finding the shift in leadership as several of the biggest stocks get sold off this week.

Markets pause then resume their rally to new record highs. Mixed reactions to Earnings continue as the Nasdaq resumes its leadership. Follow the money as we learn to put the odds in our favor.

Markets see mixed reactions to Earnings and News Events this week. Some reactions are quickly absorbed and trends resume. Lots of charts to help follow the changing Leadership.

Markets continue higher while some sectors change leadership. Examples of very strong positive Earnings reactions and very strong negative reactions. Preparing for big names that report Earnings next week.

Markets pause then resume there rally driven by 'Narrow' leadership to new all time highs. Identifying high odds opportunities with the strongest names in the strongest sectors. Lots of charts to learn from.

Markets show positive strength Monday that continues most of the week, slowing later in the week. Breadth continues to decline this week as narrow strength delivers most of the new highs. Follow the strength is key to improving our odds.

Markets change Trend to Bearish this week with a strong correction after a 9 week rally. Clues of relative strength identified within the correction.

Markets continue their rally then pull back the end of this week. Light Holiday volume adds some volatility for brief periods. Added charts to review 2023, identify relative strength for the year as well as during the past 2 months.

Markets continue to rally the first half of this week then experience brief periods of volatile selling to end this week with mixed reactions. Analysis to expose the changing leadership and relative strength.

Markets continue to drift higher slowly until the Fed Announcement came out that sparked the rocket fuel with a huge rally that continued early the next day. Huge breadth seen on only two days this week as markets got emotional briefly. Lots of clues as to the rotation of money into different sectors this week.

Markets pull back a little, have a gap up and failed rally then a gap up and rally. Signs of narrow breadth to this week's rally as the S&P-500 and DJIA deliver new 52 week highs while the Nasdaq fails to do the same. Finding strength within a mixed market.

Markets pause then briefly try a failed rally that is quickly sold off. The Rally resumes the last minuets of Thursday and most of Friday with much broader breadth on the first day of December. Clues from sector rotation.

Markets resume their rally, briefly, without follow through. Light Holiday volume and a lack of strong convictions deliver new 3-year lows for the VIX. No fear seen here.

Markets resume their rally after a brief pause. Finding clues from the exceptions and extremes in volatility and momentum as well as correlations seen in Breadth. Enjoy.

Markets continue their rally but on narrow breadth until Friday. Finding correlations between changes in Market Breadth and Indexes. Identifying leadership and high odds opportunities.

Market changed their Trend from Bearish to Bullish and deliver one of the strongest rallies this year this week. All sectors were positive this week. Finding relative strength and weakness when everything seems to be up. The nature of Confirmation of a change in Trend.

Markets resume their decline with a brief failed rally to encourage the Bears. Earnings have an impact on Stocks, sometime it is a brief one day impact, and other times it may persist. Market Context has an impact as well. Lots of Examples of both this week.

Markets pause Monday then continue higher Tuesday to see a failed rally. The next 3 days see strong & broad selling. VIX reaches new 6-month highs and 10 year Yields deliver new 16-year highs as Uncertainty continues.

Markets continue their rally for a few days then stall out and experience strong selling. Mixed signals between Indexes and within the Market Internals with elevated Volatility warnings on Friday.

Market saw a failed rally Monday, a correction mid week with a show of strength on Friday. We look at how Index 'Weighting' created Divergences this week. Finding clues from Index and Sector analysis.

Markets continue lower then find some Support mid week. A one day rally on Thursday is given back on Friday. Finding the leaders within the noise. Lots of bonus analysis this week with Sectors, Indexes, and weighting comparisons. VIX and VVIX abnormal behaviors identified.

Markets pause then roll over with accelerated selling Wednesday and Thursday, with increasing breadth. Monitoring reactions to News Events to gauge market reactions. Comparing strength and weakness.

Markets roll over and pull back with breadth this week. We find a few 'Outliers' that are ignoring the negative market context as they show strength. Lots of charts to learn from.

Markets change direction and rally with broader breadth this week. The 'RISK ON' theme is back as defensive sectors see money outflows as money flows into Tech, Energy and Semiconductors. Observing the '3-Wave' pattern and practical ways to trade it.

Markets split with some sectors and indexes declining this week while others rally. Multiple signs of narrow Leadership.

Markets continue their down-trend with increasing strength and breadth. Brief exceptions within a mostly Bearish context. The search for support continues.

Markets continue their down-trend with sector leadership providing high odds opportunities both for the Bulls and Bears. Putting the odds in your favor while being efficient with your limited time.

Markets pause their rally then see strong selling one day to change the trend. Breadth indicators show how most markets participated in the selling this week. Reactions to Earnings drive mixed markets and sectors. Narrow Leadership still matters.

Markets continue their rally but with some distractions along the way. Earnings reactions are mixed. Leadership works both ways and can be used to improve your odds.

Markets continue their rally then strong selling appears Thursday to break many Trends. Reactions to surprise News Events. Reactions to Earnings that can provide opportunities.

Markets see the Rally resume after a brief test of support. Explosive moves seen this week with over a 2 standard deviation move higher. Using the 'Expected Move' for pricing Risk and tracking its performance.

Markets changed from Bullish to Bearish this week as breadth sold with strength early on Thursday and late on Friday to end the week down in most Indexes and Sectors. Finding the rare Bullish opportunities this week.

Markets changed from Bearish to Bullish this week with a change in leadership as well. Multiple ways to identify relative strength and leadership. Not all trading opportunities are moving with their Sector or Index.

Markets changed to Bearish this week, with most sectors declining. Finding the exceptions and relative strength within a mostly bearish context.

The Markets resumed their Trends with broader breadth and stronger momentum this week. Following momentum and changes in Leadership to improve your odds by trading the strongest stocks in the strongest sectors.

The Markets show us both Broad Breadth on a few days and Narrow Breadth on other days this week. Finding correlations with Breadth charts, indexes and sectors to Identify the true Leaders. Clues from the Options market, extremes in Volatility SKEW and Volume.

Markets continue higher this week but with a change in Breadth. Changes in Leadership as prior laggards become big leaders for a day. Follow the flow of money out of some Sectors and into others.

Markets pause, drop for two days then a strong Rally is sparked Thursday and Friday with narrow Breadth. Divergences between Indexes, Sectors and Breadth Indicators show us the narrow strength on display this week. Options SKEW peaks.

Last week's divergence gets resolved this week. Markets accelerate and move beyond their 'Expected Move' this week. Following the strongest stocks in the strongest sector delivers high odds opportunities.

Markets diverge between major indexes, giving us clues along the way. Narrow Breadth to the Nasdaq rally this week is exposed. We look at why size matters. Lots of charts to expose narrow Leadership this week.

Markets delivered a mix of new highs, a strong decline and a strong rally this week. Finding clues from extremes in Sentiment indicators and changing leadership. Lots of charts to study and L-earn from.

Markets continue to pause within a range as Earnings news is met with mixed reactions. Extreme levels in Options SKEW and hints from the VVIX seen this week. Tips for finding the few 'outliers'.

Quiet markets react to Economic News and Earnings with volatile swings. The March rally tries to resume but with daily challenges. Following leadership and the Money as Sector In-Flows and Out-Flows change daily.

The rally late last week failed to continue this week, with failed rallies seen Monday and Tuesday that were followed by selling Wednesday and Thursday. Some exceptions stand out that can provide opportunities. Sector analysis helps focus our search for high odds trades.

Markets continued with a mild decline the first 2 days then Reversed with a strong rally the last 3 days this week. Multiple Breadth clues showed the momentum of the Buyers this week. Lots of clues from the charts to show strength and sector rotation as Q1 of 2023 came to an end.

Markets drifted higher the first half of this week until the Fed raised rates and made comments that triggered violent reactions. Volatility settled eventually on Friday to see the mild drift higher continue. Lots of clues from the charts of what stocks and sectors are seeing money flow out of or into this week.

Markets saw mixed reactions to elevated FEAR this week, some sectors up and some down as money seeked 'safety'. Lots of evidence in the charts to show major money flow this week.

Markets see another failed rally Monday followed by selling to lower lows. Selling climax in breadth and volume seen Thursday and Friday as a Bank failure and rumors feed FEAR of contagion. Lots of charts to see the impact of extremes seen this week.

Markets break below support to continue the decline this month. Only one positive sector this week while all others are down. Most big tech names are down with few exceptions. Some indications of the strongest selling in 2023 were seen this week.

Markets continue their Consolidation for another week. Finding clues to help identify strength, weakness or changes in Trend.

The rally last week did not continue this week as we saw two examples of 'Failed Rallies' that were followed by Lower Lows. Clues from the Options markets this week. Using the 'Expected Move' to see how well (or not) the Option Markets price Risk.

We saw the rally continue this week with a pause or minor correction seen on Monday and Friday. We saw more mixed reactions to Economic news and Earnings reports. We look at monthly charts and changes in leadership.

The rally from last Friday continued this week with strength shown on Monday and Thursday. Mixed reactions to Earnings, with some strong positive reactions to a few key BIG stocks. Finding strength and trading 'with' the Trend for improved overall odds.

The rally from last week ended with a strong selling day this week. After finding support we saw a strong rally on Friday. We look at Indexes and Sectors for clues of Strength and Weakness. Divergent clues from measures of Options Volatility last week were resolved this week. Lots of charts to help build your chart reading skills.

The rally we saw begin last Friday continued higher this week after a brief failure. Finding high odds trades with leading sectors. A Divergence forms with Options Volatility that could form a warning. Lots of charts to study and L-earn from.

Major indexes continue their pause this Holiday week until the Jobs report sparks a rally on Friday. We identify leading sectors and stocks by making simple comparisons over the past weeks that were mostly rewarded this week.

Most indexes continue a little lower or pause for the Holiday week. We look back over 2022 to see what Indexes, Sectors and key Stocks did and what sectors lead during the mostly bearish year. Lots of extra charts to Identify market behaviors in the long term and short term. Extremes in Options markets this week and month.

The decline continues with another one day failed rally mid week. Lower lows this week in most indexes and sectors with a few exceptions. Identify and follow the strongest names in the strongest sectors to find higher odds opportunities.

The pause looks like it ended this week as Support broke on most charts. Divergence with VIX. Over-reactions to Economic news. Clues for trend following traders.

The pause we saw last week continued this shortened Holiday week with a few exceptions. Finding divergences that act as clues. The benefits of a top-down process to find high odds opportunities. Lots of charts and examples to study.

The rally last week took a pause this week. We saw little gains and mostly small losses this week in most indexes and stocks. Looking for clues and being prepared for the next move, break out or break down.

The rally returns after a brief pull back. Large reactions to CPI data with record breaking actions. Lots of clues offered this week in the charts. Finding strength and weakness within the current market context.

The rally paused and reversed this week with most major indexes declining for the week. Comparing Indexes, Sectors and Stocks to identify leaders and laggards with multiple methods. Options continue to under price actual market risks. Lots of extra charts to show visual comparisons. Enjoy.

Markets continue their rally, pause, and then resume higher. We identify stronger Indexes, Sectors and Stocks that deliver more than +6% gains this week. Reactions to earnings narrows the list of strong names.

Markets rally, pause, pull back then rally strong one day. The rally did not exceed prior highs so we will wait for confirmation from higher highs or a failed rally with lower lows. Strong reactions to Earnings with Leading Sectors showing off with some impressive gains this week.

Markets continue lower then pause before key economic data is released. Over reactions to data as a very wide range day is seen followed by a day that negates most all of those over reactions, ending the week down for most stocks and sectors. Options data suggests this over reaction was no surprise. Methods of finding the Bullish Exceptions within a mostly Bearish market place.

Markets experience a two day rally that finds Resistance and drops hard at the end of the week. Some sectors lead higher while others show weakness. Tracking and comparing relative strength this week within a Bearish market context.

Markets continue lower with another failed rally. Record new lows are delivered on multiple Indexes, Sectors and Stocks. A few exceptions are found that actually increased in value this week. Comparing daily, weekly, and monthly changes in Leadership to help identify high odds opportunities.

Markets continue lower with failed rallies that are followed by lower lows. We saw strong surges in selling after key News events. Some Indexes, Sectors and Stocks delivered new 2022 lows this week. Any sign of a market bottom yet?

Markets continue lower then reverse and rally for 3 days. The US Dollar Index makes 20 year highs as Oil prices dip lower. Leading sectors produce high gains this week. Lots of charts to study and expose relative strength.

Markets continue selling this week. A failed rally late Thursday and early Friday was again sold off before the end of the week. Finding relative strength even when all sectors are down for the week.

The week began with continued selling, then paused. We saw a failed rally that was followed with very strong selling on Friday. No signs of capitulation this week. The Options markets have provided us with clues even when it has shown us that is has under-estimated real risks.

Markets continue their rally until finding Resistance Tuesday where strong selling kicked in. News driven reactions seen on Wednesday and Friday, driving markets lower for a negative week in most names. Trend Lines break this week. Finding exceptions that seem to ignore the overall trends.

Markets see a failed rally on Monday with mild selling that continued Tuesday. CPI data fueled a positive reaction Wednesday and PPI data fueled a failed rally on Thursday. Friday saw buyers drive markets higher for a 4th week. Comparing Indexes and Sectors to reveal longer term leadership.

Markets pause for 2 days, rally one day then pause for 2 days. Exposing relative strength in a Market filled with Divergent signals. How divergent signals get resolved.

Markets continue their rally after a brief pause. Earnings & economic news reactions. Extremes in Complacency, Options Implied Volatility exposing the under-pricing of actual Risks. The lack of FOMC Balance Sheet reductions and creative examples to expose leadership sectors and stocks. Lots of charts to learn from.

Markets gap up and fail, then gap up and rally for a few days then pull back. Extremes in Options complacency and hedging activity. Preparing for likely expansion of Volatility next week. Lots of chart examples to help find leadership as it changes.

Last week's rally fails and is followed by 4 days of decline this week. Friday sees a gap up and rally that fails to exceed prior highs. The US Dollar hits new 20 year highs as other currencies drop. The Yield curve flattens and continue to show 'Inversions'. Sector leaders continue to lead. Lots of clues found in the charts.

Markets rally to recover last week's losses. Sector leaders and laggards and changes in leadership expose high odds opportunities. Multi-year extremes in the US Dollar Index, VVIX and SKEW. Preparing for Earnings season next week.

Another failed rally followed by a decline. End of June chart review. Options Volatility continues to under estimate real market risks. Following strength and weakness to find high odds opportunities. Conflicts between time frames can expose opportunities.

Markets reverse with a brief show of strength late this week. Examples of Gaps that fail and gaps that show follow through higher seen this week. Following sector strength and weakness for higher odds opportunities. Preparing for the unknown. Options continue to under price actual Risk.

Markets continue to sell off but with even stronger Breadth and Volume this week. Lots of new 52 week lows and negative extremes in some breadth indicators but not in the Options data. Digging deep into Market Clues seen in the charts.

Markets continued their pause, then support breaks late Thursday and markets gap down hard Friday with Volume and Breadth. Identifying strength when every sector is down for the week. S&P delivers a second 2-standard deviation move in 3 weeks. Following money flow.

Markets take a pause on this Holiday week. Tracking the few showing strength this week. Long term context of the markets. Clues from Breadth, Volatility and volume. Preparing for what might be next.

Markets change character and Trend as multiple forms of Confirmation are observed. Probabilities and the 'Expected Move'. 2-year changes in the Volatility of the VIX.

Markets again deliver a failed rally that is followed by new 2022 lows on strong selling volume. Most sectors are down this week and money flows out of Equities. A weaker dollar does not help commodities much. Something seems off with the VIX as it may not be effectively pricing risks.

Selling continued strong Monday to eventually find support on Thursday. Friday's bounce stalled out 1/3 of the way into the day and failed to exceed this week's highs. Extremes in various Market Internal indicators this week expose the strength of the Bears vs. the Bulls. Lots of charts to study and L-earn from. Details of Options SKEW are explored and illustrated.

We see another Failed Rally this week that is followed with a drop to lower lows. Options SKEW at an extreme as negative breadth and volume shows itself. Many new Lows for the year are seen delivered this week. Clues as to Sector strength and weakness.

Markets experience two failed rallies this week that deliver lower lows as the bears and breadth gain negative momentum. Earnings Reactions, Options 'Expected Move' and extreme moves greater than 2 standard deviations. Lots of clues that show us who is in control.

Volatility has returned to the markets this week with the largest price swings and VIX levels seen in years. We also saw a quick 14 minute flash crash on Monday when the Algos took over, leaving a mess the remaining 43 minutes of the session. In the damage, we compared and identified the stronger stocks that did well this week. We also look at an example of a bearish position.

Some volatility returns to the markets with a minor correction seen with plenty of marekt breadth. Some sectors and stocks gave back all of their 2018 gains, while others held on. Spotting relative strength and weakness even in a down week. The value of having and sticking to your plan seen at work this week.