Is the market finally ready to roll over short-term? The bullish percents look ready for a change of direction... or at least a pause.
 

The net advance/decline line could be pausing too.
 

There is usually a very strong correlation between EEM and CEW which is an ETF containing Emerging Market currencies. My guess is that in the short-term, EEM will soon start to catch up with CEW to the downside.
 

Will it break down or break out higher? A break down would make me take a look at US Treasuries.
 

The Short-Term Leader List

The strongest ETFs are blue, additional leaders are green and red indicates recent weakness. The S&P500 is the benchmark. Disclaimer: This list is not a recommendation to buy or sell. 
 

Weakness for retail today.
 

I have my eye on Utilities. I like the looks of this chart.
 

Could the Gold Miners be getting ready for a move higher?
 

Outlook

The ECRI index is pointing to weak economic growth in the months ahead. Maybe the prospect of a tax cut will help the ECRI bottom out and start to head higher soon.

The long-term outlook is worrisome.
The medium-term trend is up. 
The short-term trend is up. Watching for signs of the next short-term downtrend.