This week we're looking at a stock from the industrial manufacturing sector. Stocks from this sector continue to show strength as the market continues to rally.

We retired our "Five Bull Market Barometers" in 2020 to make room for a new weekly post that's focused on the three most important charts for the week ahead.

This is that post, so let's jump into this week's edition.

The largest insider transaction on today's list was reported in a Form 4 filing by former Coca-Cola $KO director Herbert Allen.

Allen reported a purchase worth roughly $2 million.

From the Desk of Kimmy Sokoloff

Today is more of a wait-and-see day until the FOMC announcement this afternoon.

How do I measure performance?

In a nutshell, this is a question I received from a member of the All Star Charts community today.

Well, it depends. 

The short and obvious answer: I trade to make money. 

If I’m making money, good. If I’m not, bad.

Of course, there are also more nuanced answers and considerations – some more relevant than others. They come down to relative performance.

From the Desk of Kimmy Sokoloff

Messy action all around today.

The market was up a lot pre-market and gave it all back early morning.

From the desk of Willie Delwiche.

The Scales are more balanced than last month but are still tipped toward risk and away from opportunity. 

Macro folks are sorting out just how bearish they need to get while market folks are trying to figure out just how bullish they should get. From my perspective, less macro-related volatility could help stocks build on their October gains heading into year end. But there isn’t much evidence of that taking place just yet. With that, the inability of the recent rally to show sustainable strength (and more new highs than new lows) suggests caution remains warranted. 

Our Weight of the Evidence Dashboard fills in the details and includes a few charts that have our attention heading into November.

We've adjusted a position in the Paid-to-Play portfolio today:

As technicians, we pride ourselves on never being dogmatic in our approach. If new data that invalidates our initial thesis presents itself, we're always willing to flip our approach.

Yesterday, we wrote that Ethereum testing a significant support zone suggests this rally is mean-reverting in nature. In that same breath, though, we noted that it's wise to treat every chart on its own merits.

If you adopt an overly broad picture of markets, you'll often miss some of the most straightforward trading opportunities.

With all that said, a few names are shaping up nicely in this tape.

Our list is full of insider buys by company CEOs today.

The largest insider transaction is a Form 4 filing by the CEO of Biohaven Pharmaceutical Holding Company $BHVN, Vlad Coric.

From the Desk of Kimmy Sokoloff

October turned out to be a decent month for the overall market.

Let's see what November brings.

From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts

This is one of our favorite bottom-up scans: Follow the Flow.

In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.

We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.

Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.