The short-term uptrend is intact. There are a few tiny indications of weakness. The PMO index has turned lower, but not by much.

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The indicators are only hints and warnings. In order to declare a new downtrend, we have to see a solid close below the 5-day.

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Bad day for REITs.

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Utilities are selling off similar to REITs.

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India shares are taking a well deserved break.

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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. The short-term uptrend looks like it is topping out.