The weekly outcome of the Mr. Market four-instrument read — where the market stands right now, and how aggressive to be. Published every week alongside the full write-up on Substack. Step 01 of the process: read the market before reading any stock.
The split closed — to the downside. Last week the S&P held its ground while the NASDAQ went sideways; this week both indexes rolled into the same shallow pullback, each sitting barely above its 50-day line. Price is holding — both remain above rising long-term trend lines and bounced hard Friday — but breadth cracked beneath it: T2108 fell from 41.1 to 30.9 and now sits below 40 for a fourth straight session, and more stocks are breaking down over three months than breaking out (1,133 up vs 1,191 down). Distribution ticked up to 4 on the S&P and 5 on the NASDAQ — one more makes a cluster — while net new highs rolled negative on both exchanges. Leadership is rotating cleanly into energy, shipping, foreign banks and chips, but far fewer names showed heavy-volume buying (39, down from 154). The net read: under pressure — caution, protect gains. The one number to watch is T2108: back above 40 eases it; a decisive close below the 50-day line turns caution into defense.
A weekly snapshot, not a recommendation. This dashboard is the author's read of market direction for the week — a tool for situational awareness, not a market call or a signal to buy or sell. Readings are as of the Friday close and change week to week. See the full disclaimer below.
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Every reading above comes from the same four-instrument panel — and no single gauge decides it. You weigh them together, then let the balance set how aggressive to be.
Is money flowing in or out, and across how many stocks?
Are big institutions quietly selling — or has a bottom been confirmed?
Are more stocks hitting one-year highs, or one-year lows?
Which stocks are actually being bought right now?
