As we move past the Thanksgiving holiday it seems that there may be some signs that the incredible rally over the past few weeks is at least slowing down. So far this week there has been little progress made by the major indices as other sectors have been in focus.

With the OPEC meetings this week, the price of oil has been quite volatile. The United Stated Oil Fund (USO  ) lost over 3.5% on Tuesday, almost making it down to 30 day lows. This is not the end for Oil though. The rest of the week promises to bring more volatility and excitement as traders respond to whatever is decided from OPEC.

After a short delay at lows, bonds (TLT  ) began a bounce and has been positive each day this week so far. Bonds had recently suffered a rather large decline after the election results caused the selloff. Since the election results the TLT remains down by over 6%, but this week it seems that some are willing to take a shot at buying a short term bottom.

The rally in the dollar (UUP  ) also seems to be changing direction. Pulling back from highs set last week, the dollar has continued to pullback after 5%, vertical move. Many see this as a short term break in the trend that will likely still continue after this pullback.

The Russell 2000 (IWM  ) broke its amazing 2 week win streak on Monday as it pulled back 1%. Traders have been noting that the IWM is quite extended in the short term and that a pullback was inevitable. This week so far has proven them right, for now, as the IWM has been down each day.

Lastly, the Nasdaq 100 ETF (QQQ  ) is still the only market ETF unable to break to new highs yet. Tuesday was very close and many still believe that it can do it, but as of now it remains in a three month range, waiting for more buyers.