Photo by Nicholas Cappello on Unsplash

This has been a rare month in August, with the S&P unable to string together more than two positive days in a row. The sell-signal has gotten pretty over-sold, at this point, and the market is starting to flatten out, basing at teh 100-DNA. Relative strength is improving, suggesting a little more "push" in the markets over the next week or so, and it would appear things could improve in September.

China's economy and the dollar rally, as well as interest rates will affect the US economy by year's end. The emerging lag effect of higher rates on credit card payments and other loans will also impact consumer spending into the end of the year.

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