• Growth vs. Value

• Small Cap vs. Large Cap

• Low Beta vs. High Beta

Market Performance

The market wrapped up the week on an upbeat note, with all three major indexes showing resilience. However, NVDA’s red week stole some of the spotlight. It's a fascinating subplot when a mega-cap stock like NVDA, which has dictated the market's tempo, suddenly stumbles despite a lineup of promising catalysts. Add in the frenzy of 0DTE options swarming the stock, and you get a market that collectively shrugs and says, "Been there, done that." Call it market fatigue or a recalibration, but the focus is shifting.

INX (S&P 500): Riding the Middle Lane

The S&P 500 eked out a 0.35% gain on Friday and a steady 1.68% for the week. It’s the reliable middle child of the market—steady but not stealing the show. The weekly bullish sentiment reflects confidence, but the falling volume raises eyebrows. Are traders cautiously optimistic, or just taking an early Thanksgiving break? With a strong BTC correlation of 71.85%, it seems crypto’s moves are syncing with broader market vibes. But let’s not overlook that the trend price of $6,017.31 looms as a pivotal resistance level. Eyes on the prize, INX.

DJI (Dow Jones): Grandpa’s Still Got It

The Dow Jones added 1.96% this week, flexing its old-school charm. It’s the index equivalent of your grandpa pulling out a new gadget and saying, “See, I’m still with it.” Volume is up, bullish weekly sentiment is locked in, and BTC correlation at 81.62% suggests the Dow isn’t just for blue-chip lovers anymore—it’s winking at risk assets. With a trend price above current levels at $44,486.70, there’s room for a breakout if the rally sustains. But don’t sleep on this: the Dow’s steady climb could quietly lead the charge into the end of the year.

IXIC (NASDAQ): High Beta, Higher Hopes

Meanwhile, the NASDAQ, the home of high beta and growth names, inched up 1.73% on the week. Volume may be falling, but sentiment remains bullish, and a year-to-date return of 33.35% reminds us why this index still feels like the market’s adrenaline rush. Its BTC correlation of 66.23% makes it the high-flyer that flirts with crypto’s volatility, but also rides the broader market wave. With a trend price of $18,083.95, NASDAQ’s growth themes are firmly entrenched, and the chart says there’s gas left in the tank. Could it lead the froth revival of 2025? Don’t bet against it.

So, while NVDA took a breather, the broader market didn’t miss a beat. The indexes are humming along, each playing its part in the great market symphony. The Dow's methodical rise, the S&P’s steady tempo, and the NASDAQ’s electrifying rhythm create a balanced yet compelling melody. Whether we’re heading for a crescendo or a quiet fade, one thing is clear: the market’s still got moves, and we’re all along for the ride. 🎢

Volatility Corner:

The VIX/VVIX dynamic just pulled off a major glow-up! 💙 Blue up? That’s our cue for celebration—bullish vibes are officially back in style. Blue down? Let’s not even talk about that; we’re leaving those bearish blues in the rearview.

For the past couple of weeks, I’ve been shouting from the rooftops about how primed this market was for a bullish setup. “The market was down for the week but the longer-term turbulence indicator still shows a rising risk on environment.” And now? It’s not just a whisper of optimism—it’s a full-blown symphony of breakouts. 📈 Across sectors, across market caps, this week was the fireworks finale we’ve been waiting for. From small caps making big moves to large caps flexing their dominance, it’s clear we’re in a bull market renaissance.

Look at the charts—the VIX is deflating like an old party balloon, and the VVIX is signaling stability. This is the kind of environment where risk-on strategies thrive. And that’s not just me talking; it’s the data practically screaming it.

So, what’s next? It’s time to hang on tight and enjoy the ride. 🚀 The market’s back in its bullish groove, and all signs point to momentum carrying through the holidays and beyond. Just don’t forget to buckle your seatbelt—this could get exhilarating.

MACRO INDICATOR:

• MACRO SEASON: BULLISH Since 8/24/24🟢

• MICRO WEATHER: BULLISH Since 11/8/24🟢

New Highs $5-$20:

1. SOFI - SoFi Technologies Inc - Financial - United States - 🇺🇸

2. PTON - Peloton Interactive Inc - Consumer Cyclical - United States - 🇺🇸

3. YEXT - Yext Inc - Technology - United States - 🇺🇸

4. HNST - Honest Company Inc - Consumer Defensive - United States - 🇺🇸

5. NXE - NexGen Energy Ltd - Energy - Canada - 🇨🇦

6. GBTG - Global Business Travel Group Inc - Technology - United States - 🇺🇸

7. APLD - Applied Digital Corporation - Technology - United States - 🇺🇸

8. PAYO - Payoneer Global Inc - Financial - United States - 🇺🇸

9. WT - WisdomTree Inc - Financial - United States - 🇺🇸

10. LC - LendingClub Corp - Financial - United States - 🇺🇸

11. OUT - Outfront Media Inc - Real Estate - United States - 🇺🇸

SOFI - SoFi Technologies Inc - Financial - United States - 🇺🇸

PTON - Peloton Interactive Inc - Consumer Cyclical - United States - 🇺🇸

YEXT - Yext Inc - Technology - United States - 🇺🇸

HNST - Honest Company Inc - Consumer Defensive - United States - 🇺🇸

NXE - NexGen Energy Ltd - Energy - Canada - 🇨🇦

GBTG - Global Business Travel Group Inc - Technology - United States - 🇺🇸

APLD - Applied Digital Corporation - Technology - United States - 🇺🇸

PAYO - Payoneer Global Inc - Financial - United States - 🇺🇸

WT - WisdomTree Inc - Financial - United States - 🇺🇸

LC - LendingClub Corp - Financial - United States - 🇺🇸

OUT - Outfront Media Inc - Real Estate - United States - 🇺🇸

New Highs $20+:

1. TSLA - Tesla Inc. - Consumer Cyclical - United States - 🇺🇸

2. WMT - Walmart Inc. - Consumer Defensive - United States - 🇺🇸

3. JPM - JPMorgan Chase & Co - Financial - United States - 🇺🇸

4. COST - Costco Wholesale Corporation - Consumer Defensive - United States - 🇺🇸

5. BAC - Bank of America Corporation - Financial - United States - 🇺🇸

6. NOW - ServiceNow Inc. - Technology - United States - 🇺🇸

7. ISRG - Intuitive Surgical Inc. - Healthcare - United States - 🇺🇸

8. KKR - KKR & Co. Inc. - Financial - United States - 🇺🇸

9. BSX - Boston Scientific Corporation - Healthcare - United States - 🇺🇸

10. TEAM - Atlassian Corporation - Technology - United States - 🇺🇸

11. SQ - Block Inc. - Technology - United States - 🇺🇸

12. DDOG - Datadog Inc. - Technology - United States - 🇺🇸

13. CVNA - Carvana Co. - Consumer Cyclical - United States - 🇺🇸

TSLA - Tesla Inc. - Consumer Cyclical - United States - 🇺🇸

JPM - JPMorgan Chase & Co - Financial - United States - 🇺🇸

COST - Costco Wholesale Corporation - Consumer Defensive - United States - 🇺🇸

BAC - Bank of America Corporation - Financial - United States - 🇺🇸

NOW - ServiceNow Inc. - Technology - United States - 🇺🇸

ISRG - Intuitive Surgical Inc. - Healthcare - United States - 🇺🇸

KKR - KKR & Co. Inc. - Financial - United States - 🇺🇸

BSX - Boston Scientific Corporation - Healthcare - United States - 🇺🇸

TEAM - Atlassian Corporation - Technology - United States - 🇺🇸

SQ - Block Inc. - Technology - United States - 🇺🇸

DDOG - Datadog Inc. - Technology - United States - 🇺🇸

CVNA - Carvana Co. - Consumer Cyclical - United States - 🇺🇸

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