Sometimes, you head out on a trail with a specific route mapped out.

Other times, you head out and see an unexpected trail to follow.

Last weekend, we started out hiking a well traversed trail. Suddenly, an arrow pointing to the right appeared. Written on the arrow was the word “Trail.”

We spontaneously decided to follow that arrow. To ensure we would not get lost, we built a cairn. Once we made the right, we happily discovered this trail was clearly marked.

We figured that a well-marked trail was a compelling sign to keep walking.

The trail took us to an overlook. Planted at the overlook stood this cross.

Trading the current market, given all the uncertainty, requires one to plan a specific route.

Nevertheless, one must also prepare to exercise flexibility to change directions when signs appear.

What are the specifics to follow this week and what signs could appear to cause traders to change course?

The Specifics:

Not one member of the Modern Family is in a Bullish Phase.

The Russell 2000 ended last week on its lows and in a warning phase.

Retail (XRT), instead of taking out the 50 daily moving average, may have formed a new top around 42.50. In the bearish phase, XRT stands to lose a lot more ground.

Semiconductors (SMH) confirmed the warning phase. First time since June 2016.

Transportation (IYT) and Regional Banks (KRE) ended on their lows with the Warning Phases in acceleration.

Biotechnology (IBB) found support ending the week green. That seems somewhat ironic to me that pharmacology could save the market.

Other Specifics:

The 20+ Year Treasuries and Gold ended on new multi-month highs.Volatility or the fear factor increased.

What signs could appear?

The 50 day moving averages in the S&P 500 and the Dow indicate sluggish warning phases as the slope on the 50 still rises. Watch for signs of buyers returning.

Nasdaq 100 remains in a bullish phase. Watch for signs of a move over 132.

Biotechnology could rally further restoring faith. Watch for signs should this return to a Bullish Phase.

As heavy as the market seems, remember the long-term trend in all indices is still bullish.

Therefore, have a well traversed plan at the ready in case the market falls further.

Yet should you see a well-marked trail, prepare yourself to change direction. The view might prove worthwhile.

S&P 500 (SPY) Confirmed warning phase. The 3/27 low at 231.61 us next support.

Russell 2000 (IWM) 132.40 is the 3/27 low to hold

Dow (DIA) 203.81 the 3/27 low

Nasdaq (QQQ) 129.40 the 3/27 low though that is under the 50 DMA

KRE (Regional Banks) 51.50 important support.

SMH (Semiconductors) confirmed warning phase. Plus this broke the 3/27 low

IWM (Transportation) 158.18 the 3/27 low

IYT (Biotechnology) This must clear and close over to return to bullish

XRT (Retail) If cannot get over 42.50 expect to see 40.00

IYR (Real Estate) 79.00 the 200 DMA to hold.

GLD (Gold Trust) 125 in focus if holds 120

SLV (Silver) 17.40 pivotal support with 17.75 next resistance

GDX (Gold Miners) 24.75 the 200 DMA

USO (US Oil Fund) We got the weekly close over 11.02. If that continue to hold then through 11.26 looks higher

TAN (Solar Energy) 17.00-17.30 now the support to hold.

TLT (iShares 20+ Year Treasuries) Three highs at 123.14-in Nov. 2016, Jan., and today. Super important support

UUP (Dollar Bull) Inside day in a confirmed warning phase