Today's number of new lows was a bit elevated, but nothing to get too concerned about.

This is a good looking chart with a nice break out several days ago. The key technical support levels are 2400 and 2350.

The Leader List

I added a number of ETFs to the list that I am monitoring. I also adjusted the technical indicators that I am using.

For the most part, these leaders are chosen based on short-term momentum and relative strength. The leaders have changed a little from last week, but all of these ETFs are performing quite well.

Which way are these gold miners going to break? Up or down? Based on this chart alone, I would say higher.

Mexico had a big day. Was there news? I didn't have time to look.

Outlook

The Value Line Survey continues to see solid GDP growth in Q2, and for the rest of the year. Their concerns are global tensions, and high PE multiples.

The long-term outlook is positive.
The medium-term trend is up.
The short-term trend is up as May-24.