The Data Changed

This week we really saw it — change.

And more importantly, we saw it happen quickly.

One thing I’ve said over and over is that in bull markets, it’s not the weakness itself that’s bullish in underlying uptrends.

It’s the reversion from weakness that carries the message.

When things get washed out and everyone starts seeing the same “bearish data,” that’s usually right when the market flips.

And when that flip is fast, the signal gets stronger.

That’s when people start throwing around the word “thrust,” but honestly, the label doesn’t matter.

You don’t need a fancy name to understand what’s happening.

The logic is simple:

When short-term weakness inside long-term uptrends snaps back hard, buyers are regaining control.

This week was a perfect example.

Last week in the Sunday Stalk List, we talked about setups sitting right at “line in the sand” levels where a bounce could create tradeable lows.

Then earlier this week, I wrote about the Shake N Bake dynamic:
bull markets love to tempt bears with breakdowns that fail immediately.

Fast-forward a few days, and the market delivered exactly that.
A sharp reversal from fear followed by broad buying pressure.

This wasn’t a slow grind. It was fast. Violent. Persistent.

Exactly how bottoming behavior tends to look inside an existing bull trend.

We got:

• the bounce
• the tradeable lows
• the failed breakdowns
• the breadth surge
• the fear reversal

Now the question becomes: Does this turn into the sustained year-end rally?

The early signs point that way.

Because when the underlying trend is up and the market gets a chance to break and doesn’t, that’s usually your tell.

This week wasn’t about one stat or a specific “thrust threshold.”

It was about the speed and intensity of the reversal.

Fast reversion from fear is one of the most bullish behaviors you can see inside an uptrend.

And that’s exactly what showed up.

🎥 Thompson Two Cents Live

🚀 Throw it on 1.5x speed and let it rip.

👍 Give it a like. It’s the easiest way to show me some love.  

The Sunday Stalk List

If you want clean charts, clear setups, and tactical insights — this one’s for you.

It hits inboxes every Sunday so you know exactly what to keep an eye on for the week ahead.

Checkout last weeks post.

Cheers,

Larry Thompson, CMT CPA

Follow Me On Twitter (X)

Follow Me on StockTwits

Sign Up For Thompson’s Two Cents