Market Rates - Tuesday, June 27

I don't have much time today. The SPX pulled back right to the uptrend line.

The US Dollar looks like it is getting close to another leg down.

The Semiconductors are showing a lot of red volume bars along with a break of the 50-day.

The Leader List

Mexico was added to the leader list today.

This chart of the Mexico ETF looks decent, but I might be more inclined to buy on a pullback considering the difficult market conditions at the moment.

Here is the weekly view of Mexico. Maybe I would wait to buy when the Stochastic bottoms out.

Outlook

The long-term outlook is positive.
The medium-term trend is up. Overdue for a correction.
The short-term trend is ... not sure.