The Short-Term Leader List

The strongest ETFs are blue, the additional leaders are green and the weakest are red. The S&P500 is the benchmark. Disclaimer: This list is not a recommendation to buy or sell.  

EFA and INDY have been re-added to the leader list. XOP has shown some recent strength.
 

Europe is showing some recent strength after finding support at the 50-day. I suspect it will be back on the leader list soon.

EFA hit a new high today, but just barely. The chart looks good.

I didn’t think it would happen, but Energy is coming to life.

Here is another look at the volume for FFTY, and it seems quite bearish in the short-term.

Outlook

The ECRI index has bottomed out and is pointing higher, but weak M2 growth is a concern.

The long-term outlook is improving, but concerns remain.
The medium-term trend is up. The best period for buying is past.
The short-term trend is down. 

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