The shortened four-day week opened with a sharp test of conviction. Tuesday began with a decisive 95% downside Capital Weighted Volume day, marked by heavy downside activity on average total volume. That early pressure was met swiftly. Wednesday the 21st delivered an 80% capital inflow day alongside 85% upside capital weighted volume day, though participation […]
Volume Analysis Flash Update – Ranks Widen The S&P 500 finished slightly lower on the week as headline price paused, while the broader market continued to display underlying strength. On balance, activity reflected a market in transition rather than retreat, with leadership rotating and participation widening beneath the surface. For the week, S&P 500 Capital […]
This past week marked a clear shift in leadership as the troops took control of the advance. The iShares Russell 2000 ETF led the charge, surging 4.68% and breaking decisively above prior resistance. The broader ranks followed with conviction. The Schwab US Dividend Equity ETF advanced 2.92%, while the Invesco S&P 500 Equal Weight ETF […]
Volume Analysis Flash Update As the market closed the final chapter of 2025 and opened the first page of 2026, conditions softened with a broadening tone that favored relative defense over leadership. The S&P 500, represented by the SPDR S&P 500 ETF Trust, declined roughly 1% on the week. Leadership retreated more sharply, with the […]
During the shortened Christmas week, most units responded with modest gains, but only the S&P 500 Index successfully broke free of its recent range to press into new all-time high territory. While the S&P 500 price index achieved fresh ground, the supply lines told a more restrained story. S&P 500 Capital Weighted Volume came in […]
A Red-Nosed Rally The market started the week before Christmas a little dull and slow,Prices shuffled sideways while we waited Fed signals to show.But then on Friday afternoon the generals took the lead,The artificial intelligence trade woke up displaying speed. The S&P 500 closed just barely up the week,Up a tenth of one percent though […]
Divergent Orders at the Front The market spent much of the week in a holding pattern, awaiting direction from the Federal Reserve. With the Christmas backdrop encouraging a temporary stand down, price action appeared orderly on the surface. Beneath that calm, however, the flanks clearly received different marching orders. For the week, Capital Weighted Volume […]
The Christmas March: Awaiting the Santa Orders After weeks of heavy conflict and spirited counterattacks, the market grew noticeably quiet — as if troops and commanders alike were awaiting their next set of orders. The battlefield tone this week felt more like tactical repositioning than outright engagement. The generals, represented by the Invesco QQQ Trust […]
From Gravestone to Gratitude: Thanksgiving Counteroffensive Sets Stage for Santa After several weeks under the long shadow of Halloween’s gravestone doji, the market finally mounted a full-scale Thanksgiving counteroffensive. What began as defensive skirmishes turned into an organized advance, led not by the generals but this time by the troops. The iShares Russell 2000 ETF […]
Halloween Gravestone Doji IV Despite the ray of hope revealed in last week’s outlook, Halloween’s gravestone doji on the S&P 500 continues to haunt the battlefield as the S&P 500 closed below its 10-week moving average for the first time since early May. Midweek, the index fell beneath 6,550 support but found footing at minor […]