The Market Deserves A Rest

The market deserves a rest! There are a few hints that the short-term uptrend is peaking.

The bullish percents are starting to turn lower.
 

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There is a small tick higher for the new 52-week lows.
 

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NYSE Up/Down volume might be weakening.
 

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Outlook

The ECRI index is pointing to weak economic growth in the months ahead, but the ECRI index may have bottomed out. 

The long-term outlook is worrisome.
The medium-term trend is up. 
The short-term trend is up. Watching for signs of the next short-term downtrend.

Disclaimer: I am not a registered investment advisor. My comments above reflect my view of the market, and what I am doing with my accounts. The analysis is not a recommendation to buy, ...

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