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The big news of the week involved the wild, hectic action in many highly shorted stocks, which served to crush some hedge funds, which in turn likely caused some forced selling of their liquid winners—damaging many leading stocks. Interestingly, from a major index point of view, the week looks normal, with 1.5% to 2.5%-type losses as of this morning.

The market has had another choppy week, with some big ups and downs, both among the major indexes and individual stocks. As opposed to recent weeks, the big-cap indexes are down after this morning’s open, while some of the broader indexes are up 1% or so.

This week’s main theme was follow-on selling from last week’s mess, with most growth stocks remaining under pressure and (at least during the first three days of the week) the selling spreading to other nooks and crannies of the market.

It’s been another constructive week for the market in our view. The major indexes have perked up, with all five that we track back above their 50-day lines. That’s not the be-all, end-all, but there’s been improvement.

It’s been a relatively quiet week from a top-down perspective—the Nasdaq is up about 1%, the S&P is up a bit less, while most other indexes are near breakeven, give or take.

From the start of this intermediate-term advance back in early November through most of January, there weren’t many bad things you could say—yes, sentiment was bubbly, and there was the occasional horrid day or severe bout of rotation, but the major indexes and most portfolios enjoyed a relatively smooth upmove.

The market is putting together its second straight constructive week in our book—nothing amazing, but the Nasdaq’s surge back toward its highs has held firm, while more stocks are rounding out launching pads. Meanwhile, the broad market is mostly just sitting around, though that’s acceptable given the recent runs in most indexes.

It’s been another relatively quiet week for the major indexes, with most up in the 0.5% range, though the Nasdaq has outperformed, rising around 1.7% on the week as of this morning.

It’s been a mild down week for the major indexes, most of which are down in the 0.5% to 1% range, though it felt a bit worse to us for a couple of reasons. First, early in the week, we saw the sellers step up once again in the growth names, causing many to fail at their prior highs or at key resistance (like their 50-day lines). Second, we’re seeing more and more churning and selling among some of the strong broad-market areas like financials, transports and even chip stocks.

If all you own is the S&P 500 or the Nasdaq, this was another relatively quiet week—as of this morning, the S&P is about flat, and the Nasdaq is off less than 1%. But that action masks what was a lot of turmoil under the surface: Mid-caps (down 2%) and small caps (down 3.5%) were hit hard, and the damage was acute among growth stocks, with things like the Russell 2000 Growth Fund (IWO) down 4.7% and the Ark Innovation Fund (ARKK) off more than 7%!

It’s been mostly another rotational week, with investors rotating out of some of the recently strong tech and cloud areas and back into some cyclical areas (especially metals and financials).

It’s been another good week for the market, though we’re seeing an increasing amount of crosscurrents and rotation—even with this morning’s dump, the big-cap indexes are solidly positive on the week, but the leading small- and mid-cap indexes are flat-to-down.

After some solid up weeks, the major indexes are down a bit so far this week, with the bigger blows seen among the broad market, as small- and mid-cap stocks are down 2% or so coming into today, while the bigger-cap indexes are down a bit less.

The iffy up-down-up-down action in leading growth names starting in late January led to some key breakdowns last week, and this week, growth stocks have been routed—the Nasdaq is down nearly 4%, but most leading names are off much more than that, with many coming completely unraveled.

For the second straight week, the major indexes didn’t do much of anything; as of Friday morning, most are higher by 0.5% or less. And individual stocks, while obviously a bit more hectic, also didn’t see many major moves (major breakouts or breakdowns), except for a couple earnings reactions.

It’s been another mostly sour week in the market, with the Nasdaq stumbling again and small- and mid-caps lagging even more. At this point, the overall intermediate-term trend for the market is basically on the fence, while the Nasdaq remains mired in a correction.

The bull market in our turnaround stocks has pushed more names above their price targets. Many (most) of these companies continue to see their fundamentals improve while their valuations still look attractive enough to keep, so we are raising our price targets on six stocks today.

The bull market in our turnaround stocks continues to drive several names to prices above our targets.

The market had a shot across the bow last week and opened lower on Monday, but in impressive fashion, the indexes have bounced nicely—as of this morning, the S&P was up 2.4% on the week while the Nasdaq was in the green by 3.7%.

As earnings season has picked up, we’ve been pleased to see mostly positive reactions across the market and individual stocks, including some potential fresh leaders.