After a dozen new uptrend signals in late August and early September, the tide changed as the S&P 500 experienced its first 4-5 percent pullback since May. This pullback was enough to reverse some of the new uptrend signals and there were 14 new downtrend signals over the last five days. I am referring only to the 113 equity-related ETFs

The Market Regime remains bullish and the S&P 500 is just 4% below its recent high, but breadth has been waning for months and many groups are already in corrective mode. The 4% decline

The market regime remains bullish, but breadth continues to wane and more breakouts are failing. Overall, ETFs related to tech, healthcare, communication services and REITs are leading, while ETFs related to industrials, materials and housing are lagging because their breakouts failed to hold. I am also watching TLT and the Dollar because

The stock market remains in a funk. Large-caps finally pulled back with the S&P 500 loosing a whopping 2% from high to low (Sept 2 to 14). SPY remains is a clear uptrend with a rising channel and QQQ has not touched its 50-day SMA since June 3rd. Things are different outside of the S&P 500 because

This page shows the current Market Regime using the Composite Breadth Model and the situation in the credit markets with yield spreads. These indicators are very different, but they go hand in hand when assessing the state of the stock market. Stocks perform best when credit markets are not stressed

The broad market environment remains bullish for stocks and the vast majority of equity related ETFs are in uptrends (bullish StochClose signals). Even so, I remain concerned with the broader market environment because breadth continues to deteriorate and a number of ETFs peaked months ago. The Russell 2000

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The S&P 500 SPDR (SPY) fell five days in a row for the first time since October 2020, scene of the last decent correction in the stock market. Signs of a correction continue to build as breadth wanes and key metrics hit their lowest levels since last year. We are also seeing corrections or downtrends

The list of ETFs with uptrend signals over the last three weeks reads line the who’s who of the high flyers. This list includes the Video Games eSports ETF (ESPO), the ARK Innovation ETF (ARKK), the Clean Energy ETF (QCLN)

Timing a correction in the S&P 500 has been a fool’s errand since the November surge and breakout. The index brushed off negative seasonality in February and August. Techs and high flyers declined from mid February to mid May, but the S&P 500 kept right on trucking as money rotated

Of the 113 ETFs in the Core List, 79 are in uptrends (70%) and 34 are in downtrends (30%). This is more than enough to support a bull market in stocks. Six of the seven major index ETFs are in uptrends (SPY, RSP, MDY, IJR, IWM , QQQ) and one

SPY continues on its stairway to higher prices with another new high this week. We are also seeing strength in mid-caps as MDY holds its breakout and new trend signals in small-caps (IJR and IWM). Breadth is not as strong as it used to be, but strong enough to support a bull market. Yield spreads show no signs of stress and the

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