This is not an environment that looks conducive for buying. The industrials are looking like they are breaking down. The broader SP500 had a bearish looking sell-off Friday indicating further weakness and potential breakdown out of consolidation. NASDAQ 100 appears tightened and in consolidation.
|A diamond top patten on the industrials makes a correction more likely on this breakdown.|
|The broad market is still in consolidation but appears weakened.|
|Q100 is in consolidation but appears weak and unmoved despite Apple's huge earning report and strength in biotech names.|
|Road map gives some perspective where we are and where we came from.|
|Gold bounce off 200ma, a good alternative to overpriced USD and T-Bill etfs|
|Looks like it is in a volatility squeeze, buying volume on Friday indicated a wake up of buyers that could lead to a move higher.|