In this week's video, I note that the major averages still holding up fine.  Also, there are no signs of serious distribution in the overall volume matrix.  I finish with some notes on homebuilders and oil.

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Peter Reznicek is the Chief Equity Strategist and a principal of the Prana Fund, a domestic hedge fund, and ShadowTrader, a subsidiary of thinkorswim which provides coaching and education to its clients on both intraday and swing trading of equities. For a free trial to the full version of The Big Picture or to learn about ShadowTrader's other services, visit shadowtrader.net or send an email to preznicek@shadowtrader.net.