Time to raise a bit of cash? There are too many new 52-week lows on the NYSE.

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Junk bonds are not happy. I don't think the market is headed higher if junk bonds are headed lower.

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The weakness in junk bonds is probably tied to the weakness in oil. Oil prices are so weak that a bounce is possible at this point, and a bounce in oil prices would help the stock market. But if the bounce doesn't come soon, then the market is headed lower along with oil.

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The Leader List

Mexico and the Mid Caps dropped off the leader list.

Bonds continue to out-perform.

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Health Care is popular again after a couple years of being out-of-favor.

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Outlook

The long-term outlook is positive.
The medium-term trend is up. Overdue for a correction.
The short-term trend is up as May-24. Looking for signs that the next downturn is starting.