The SPX equal weight has paused just a bit for a couple days, but no signs yet that the short-term uptrend is ready to turn lower.

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The bullish percents continue to move higher confirming the uptrend.

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52-week lows barely exist at all. Very bullish.

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The Leader List

I have changed this spreadsheet. The long-term leaders are blue, the short-term leaders are green and the ETFs showing recent strength are shown at the bottom. The S&P500 is the benchmark. 

I monitor 45 ETFs, and 40 of the 45 are trading above the 50-day average. The general market participation has broadened out quite a bit.

Materials hitting six month highs.

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Industrials close to a new six month high.

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Semiconductors also close to a new six month high.

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Dividend Payers breaking to new six month high.

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Outlook

The ECRI index is pointing to weak economic growth in the months ahead.

The long-term outlook is worrisome.
The medium-term trend is up.
The short-term trend is up.