The table below shows the % move of each ticker for the last 2 days Energy has been dropping The VXX has spiked, which means higher uncertainty/volatility
The Four Markets Chart This shows how the Large Caps, VS the Medium Caps VS the Small Caps has been doing Not Small caps indicator turned red on Jul 1st already It takes usually time for the large caps and medium caps to wake up to underlying weakness -- have seen this a million times The market is still close to its expected trading bands, but we need to see how it moves from here
MarketLeaders Chart This chart shows the biggest US stocks The table shows if the stocks are above or below their 20 MA's Four are now below their MAs They were quite extended with high % percentage values away from their MA's, so, we've been expecting a pullback The MarketLeaders Ribbon shows how all of these tickers combined have been doing compared to their MA's -- it is still green BUT since the tech sector has been overcooked, we're still expecting a further full-back
Tech Market Expentacy Chart Here you can see why Tech has been overcooked for a couple of days now I'm hoping for a further pullback so we can get some better prices
The Four Market Chart Here we can see that the small caps have been stalling for a while Sideways action is good and healthy, but it's been going on for a bit too long and should have pushed up from the July 1st levels, but have not Weakness in the Russel 2000 is often followed by weakness in midcaps and then in large caps which results in the market pullbacks/consolidations
The Sector Support Chart Shows normalized relative performance of each sector Utilities have kept up well Consumer Disc dropped quite a bit
International Indices VS US Large CAPS chart Here we can see that the Nikkey and Hang Seng have been choppy for a while DAX and ASX indicators turned red yesterday
In Summary
I'm hoping that tech pulls back further, need better prices, and rebound from there to be a healthy market
US market Caps also need to cool off and push down a bit, but APPL has earnings soon, so we'll have to see how it goes
I'm monitoring ASX, DAX, Hang Seng and Nikkei futures during the day to see if there are any early turnarounds