Ultra short term is slightly oversold Short term is slightly oversold and has broken down out of its ascending trend line. Medium term is slightly overbought and lagging recent peaks. Long term is nearly back to neutral.

Many leading stocks took a hit at the end of last week indicating that money switched to laggards as the Dow and S&P rallied with Nasdaq not as exuberant. Seasonality is still positive through early September.

Ultra short term is neutral. Peak is lagging recent peaks. Short term is neutral. Medium term is slightly overbought and lagging recent peaks. Long term is slightly oversold. S&P is still filling the gap left on Monday February 24th. In order to completely close it, the S&P-500 needs to reach about 3337. It's currently at...