My Score market indicator has been in a down trend since 18 July, and although it is bouncing, it is still in a down trend and I consider it a short term up move in a longer term down trend.

My high growth stock relative strength indicator is in over bought territory and has rolled over. This is a leading indicator and precedes corrections. It can lead any where from a few weeks to a few months. It says a down turn is coming.

My Diamond Jim market timing indicator is always the last to turn. It has been in a down trend (sell signal) since 12 Sept.

Leading the market this week has been Brazil (ETF), Airlines, Corn, Insurance and Gasoline, with the first two up the most week to week.

Lagging has been Biotech, Euro, Gold, and Healthcare, with Biotech down the most over the last week.

Summary – Market still moving south at this point. Any runs up would be opportunities to take profits/sell calls.