5 of 5 thoughts for the weekend If you thought small caps represent the new leadership, here's a warning. The $SML is exhibiting a negative divergence against its A-D Line.

4 of 5 thoughts for the weekend Beware! The market is still highly bifurcated

3 of 5 thoughts for the weekend Software stocks are still weak, and technology is testing a key relative support level. $IGV

2 of 5 thoughts for the weekend Our #TradeWar factor barely budged in response to the #IEEPA decision

1 of 5 thoughts for the weekend Did you notice the market reaction to the #SCOTUS #IEEPA ruling? $SPX was up less than 1% and $VVIX remains above 100, indicating continued anxiety.

5 of 5 thoughts for the weekend Meanwhile, consumer staples are surging, highly extended, while exhibiting "good" overbought conditions. $XLP

4 of 5 thoughts for the weekend $NDX has further potential downside risk relative to $SPX Not oversold yet

3 of 5 thoughts for the weekend Credit market angst: Chicago Fed study found 26% of big bank loans to software companies are rated B or lower www.chicagofed.org/publications...

2 of 5 thoughts for the weekend Software Apocalypse charted. $IGV violated several int relaltive support levels & now testing key support. More worrisome is the breach of relative uptrend of technology against equal-weigthed $SPX

1 of 5 thoughts for the weekend Software Apocalypse? I'm old enough to remember who Time Magazine named as Person of the Year

I know that everyone is excited about broadening breadth. But the EW $SPX and $ACWI ex-US are now at the top of their rising channels. Too much too fast? $SPX $SPXEW $ACWX

5 of 5 thoughts for the weekend Polymarket odds of an attack on #Iran. This can't be called tail-risk anymore.

4 of 5 thoughts for the weekend #Value on a tear against #Growth across all market cap bands and internationally.

3 of 5 thoughts for the weekend Earnings season results has been strong, and the recent price weakness has pulled $SPX fwd P/E to 21.5, the bottom of a recent range. If this is a normal drawdown in a bull trend, this a good place for the decline to stop.

2 of 5 thoughts for the weekend Bad New? A cluster of Hindenburg Omen signals

1 of 5 thoughts for the weekend Don't forget about the Dow Theory buy signal

5 of 5 thoughts for the weekend $SPX breadth is still broadening

4 of 5 thoughts for the weekend #Growth has become oversold relative to #Value

3 of 5 thoughts for the weekend Estimates are still rising strongly

2 of 5 thoughts for the weekend $SLV island reversal

1 of 5 thoughts for the weekend Liquidity shrank in the past week. More importantly, Kevin Warsh is known for favoring shrinking the Fed's balance sheet. If that's the case, what happens to banking system liquidity?

Is this a good time in the middle of a large storm for Ontario Hydro & Hydro Quebec to turn off the power to the US NE to demonstrate how interconnected the 2 economies are? Asking for a friend 😱

5 of 5 thoughts for the weekend Defensive sector relative performance: Bottoming but not showing definitive signs of leadership

4 of 5 thoughts for the weekend The "Sell America" trade has gained a bid, but is it sustainable?

3 of 5 thoughts for the weekend In praise of cyclicals

2 of 5 thoughts for the weekend The Mag7 bounced off a 14-day RSI oversold reading

1 of 5 thoughts for the weekend As the $SPX languishes in a narrow trading range, the market breadth of other market indices are much stronger.

Time for "thoughts for the weekend" An ungated oldie but goodie: HIgh Conviction Idea: My Most Reliable Timing Models humblestudentofthemarkets.com/2025/12/13/h...

Mark Carney's China pivot is starting look like he's ahead of his time

5 of 5 thoughts for the weekend OTOH, don't count tech out just yet. Semiconductor stocks are holding up well = AI theme isn't dead $SOX

4 of 5 thoughts for the weekend Before you get too excited about small caps, $SML breaking out not confirmed by A-D Line

3 of 5 thoughts for the weekend #Growth to #Value rotation in US and non-US Small value now beating large growth (bottom panel)

2 of 5 thoughts for the weekend Small caps are on a tear $IWM $QQQJ

1 of 5 thoughts for the weekend Good news: Breadth is broadening Bad news: Mag 7 is now becoming the Lag 7

Time for "thoughts for the weekend" An ungated oldie but goodie: A healing bull humblestudentofthemarkets.com/2025/12/07/a...

La Légion étrangère is as the perfect tripwire force? bsky.app/profile/chri...

5 of 5 thoughts for the weekend What will restrain Trump isn't his own morality, it's elevated levels of $VIX and $MOVE in the #TACO zone Watch the 10-year yield $TNX

4 of 5 thoughts for the weekend Energy: The flavour of the week $XLE

3 of 5 thoughts for the weekend Fear & Greed Index, not greedy yet #sentiment

2 of 5 thoughts for the weekend #Liquidity backdrop is positive for equities

1 of 5 thoughts for the weekend $ACWI and $ACWX breaking out to all-time highs $ACWX stronger than $ACWI = Non-US leading

Here comes our "thoughts for the weekend" An ungated oldie but goodie: The Fed's upcoming productivity bet humblestudentofthemarkets.com/2025/12/06/t...

5 of 5 thoughts for the weekend Cyclicals are turning up

4 of 5 thoughts for the weekend A broad rotation from #growth to #value is becoming evident

3 of 5 thoughts for the weekend OTOH, SMID A-D Lines look weak

2 of 5 thoughts for the weekend $SPX and $NYSE A-D Lines recently made ATHs. This is not bearish.

1 of 5 thoughts for the weekend Santa Claus rally looks iffy

It's time for "thoughts for the weekend" An (ungated) oldie but goodie: What investors should be thankful for humblestudentofthemarkets.com/2025/11/29/w...

Edinburgh Hogmanay torchlight parade

Here is an abbreviated "thoughts for the weekend". I am still traveling An (ungated) oldie but goodie: Is it all over for growth stocks?