A bit of improved intermediate-term action in certain growth areas, but our Growth Tides (FFTY, MTUM, ARKK, etc.) and Aggression Index (Nasdaq vs. XLP; basically growth vs. defensive) are still basically in no-man's land here. We'll see what changes with the calendar flip.

As of 2 pm there are 82 names with $45 million-plus avg trading volume hitting a new relative performance (RP) peak today--the median sales growth of those names in the latest quarter is just 9%. Tells you what kinds of stocks are moving (not much growth, at least not yet).

Lot's of strength out there and I'm bullish ... but good gracious Software stocks continue to look awful.

Call buying bonanza again in commodity stocks. Today's focus, Oil $DVN $PR $OXY $SLB

Seems like its everyday lower for former stock stars $DDOG $SNOW $MSFT

Hard to be bearish when Industrials (XLI), Transports (IYT), Semiconductors (SMH) and Small Caps (IWM) make new highs seemingly every day.

Cabot Top Ten subscribers: If you own Penumbra $PEN from the mid-December recommendation, probably worth booking the profit on today's buyout

Fickle group, but option activity has been pointing to this move higher in Oil stocks for weeks. $XLE $XOM $HAL $DVN

Puts keep piling up in $ORCL No position.

$MU $SNDK just ridiculous moves the last three months ...

Top with big volume down after another test of 24,000 resistance? Or third higher low since the November low, prepping for the breakout? No need to guess -- should clear up within a few trading days. #Nasdaq

In a year where the "dead" stocks have risen, $PFE may be ready to join the party and calls are heating up.

This week on Street Check, we’re joined by a rotating cast of Cabot analysts to talk options, volatility in tech stocks and software, undervalued sectors, market rotation, precious metals, dividends, global investing and more. Watch here: hubs.ly/Q0427C8G0

Puts ramping in leading Semiconductors and Tech into the close. $AVGO $TSM $ORCL $SMH (though out-of-the-money puts, so it feels like cheap hedges)

Amazing the number of liquid growth names, including some former leaders, that are down at least 33% from their highs and south of their 200-day lines $RDDT $HOOD $NET $SNOW $TOST $CRDO $ALAB $CRWD $ZS $BROS $ALNY Still some solid names of course, but tons of land mines

Indexes bouncing some today, but many former growth leaders continue to be dreadful, with $PLTR leading the uninspiring charge.

Who knows how it will end up, but the "old trader" in me does not love seeing $GS $MS $C $JEF $AXP all getting hit hard today.

Very small green shoot: Interesting to see the Naz outperform $XLP since the missiles began flying, which has nudged our Aggression Index higher. Same goes for the equal-weight Naz 100 vs $XLP, too. Still a ways to go on this indicator, but it's a start.