Besides it being yet another fun & profitable week, for the bulls anyway, we have a lot of things to discuss on Sunday’s webinar again .. Overall flow was at its best for the week on Friday & it showed in the price action .. Sweepers were active in other names who’s tickers aren’t AMD & ROKU, even though those 2 caught more flow again as well .. Commodities & related issues saw some additional bullish positioning, possibly preparing for a move higher into year end .. Remember just a few days ago I was getting a bit concerned that this exposure chase was just being focused on a select group of hot names, so yesterday was a good sign that buyers still have that appetite for value .. All week we’ve been seeing these mini short term rotations from day to day & we’ll discuss on Sunday what that means.. It’s been a clever technique that we have seen in past bull markets to hold the indices up & slam volatility .. Speaking of vol, our gamma friends have officially come out of all bearish VIX positions .. If you recall, on Sunday I had mentioned to you guys that the Gamma gang was playing SVXY to the long side for the week & tactically shorting VIX via puts .. In Sunday, I’ll show you what they’re looking at into next week .. We also learned this past week that our hedge fund friends have officially dipped their beak & have finally increased net long exposure .. Honestly, we already could see that in the action in those aforementioned hot chase names .. On Sunday’s webinar, we’ll go over what this means & what we need to do about it .. We’ll also review the other 2 key indicators for this rally & where they currently stand .. That would be the BAML BULL/BEAR POSITIONING INDICATOR & STOCK/BOND RATIO .. We end the week with the indices slamming highs into the closing bell & yet our Short-term sentiment readings have room for further upside .. We have yet to see these ST indicators get officially scorched & we have a bunch of afternoon fades & lulls mostly to thank for it.. As well as a lack of participation by several of the riff-raff favs .. There are a lot of retail traders attempting to short, call tops & pulling their hair out in this move higher. I saw something in the Steamroom this week that I never thought I’d ever see, AMZN was called a “turd” & attracting obscenities for its lack of participation .. That’s this current rally in a nutshell right there & why it has continued higher .. Lack of exposure in the right names & continued positioning in the wrong ones! Enjoy the weekend & I’ll see you guys Sunday 6pm est.