$ABAG, $BANK, $BKX: Banks are stretched, with KBW, NASDAQ Bank and NASDAQ Community Bank Indexes flashing strong sell signals.
$HGX: The Housing Sector Index has flashed two sell signals in the last month and remains weak.
$HUI: The Gold Bugs Index is extremely close to triggering a buy signal.
$NYA: The NYSE Composite Index is flashing a strong sell signal.
$OSX: Oil Services, once more, are extremely stretched, with the PHLX Oil Service Index flashing a strong sell signal.
$RUT: The Russell 2000 looks dangerously close to topping out and is within a hair’s breadth of signaling a sell.
$TRAN: The NASDAQ Transportation Index is a sell.
$UTY: The PHLX Utility Index is flashing a strong sell signal.
Uranium: Cameco is beginning to look less bad, but I’m not seeing a strong signal to buy yet.
$DXY: The dollar is firmly entrenched in its downtrend.
Conclusion: Sell Banks, Housing, the Broad Indexes, Oil Services, Transportation, and Utilities. Buy Gold, Silver and Platinum.
