Junk Bonds do a fairly good job of confirming the short-term trend. At the moment, this chart is saying that the short-term uptrend is intact, but that it is time to watch for signs of the next downturn.

New 52-week lows are well below the level where they indicate selling pressure.

The bullish percents are holding up, but they have the look like they may be getting ready to turn lower.

The Leader List

The leaders are listed below in blue and green. The S&P500 is the benchmark. There are a number of ETFs shown at the bottom of the list that are showing some recent strength.

Big day for Health Care.

Financials continue to melt down.

Insurance companies are being hit hard. I believe this group trades similar to banks based on interest rates, but some of the insurers are also being sold due to the recent storms.

Outlook

The long-term outlook is positive, but the caution flag has been raised.
The medium-term trend is down.
The short-term trend is up. Watching for signs that the uptrend is topping.