Check the bullish percent index charts, these are generated in a mechanical process that looks at the point and figure charts, which are easily created by computer, no interpretation necessary.
Consumari Disc is up, but only because it crawled out of a manhole, same with staples.
Energy is up but it was down to 30!
Finance is struggling to find any footing, although a channel is clear and it is near the bottom, finance could pop up over the next weeks.
Healthcare is the healthiest of them all, except maybe telecom. Telecom is a joke, they only exist through monopolistic practices, customer disdain, and decreasing services. But whatever, we are chartists and those 2 charts look OK.
Technology cant get above it's 20DMA
Let me say it again TECH and FINANCE are sucking wind.
Industrial and materials are sucking wind, with materials the worst of the two. They have strong horizontal resistance and resistance from the 50DMA just overhead.
Copper, lumber, have just been pummeled last few month, but copper is still historically high.
