The Semiconductors continue to test the lower end of the range, but now the chart includes a trend line break.
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The Leader List
The leaders are listed below in blue and green. The S&P 500 is the benchmark. No changes today.
The Mexico ETF looks like it ready to break higher.
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The Juniors look promising. This ETF might be ready to break out of a base.
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Bonds are looking good.
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Outlook
The broader market has been very weak even though the major indexes have held up fairly well. The short-term indicators are oversold, so watch for signs that the selling is ready to pause.
The long-term outlook is positive.
The medium-term trend is down as of Aug-10. Looking for a low late September.
The short-term trend is down as of July-28. Watching for signs of a new short-term uptrend.
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