My Score indicator (from my main web site menu select “Sectors & Groups”, then select “Chart of Industry Group Scores”) bottomed the Friday before the election, ran up through November 22, consolidated, then headed north again. It went up through 70 on December 8th. This is an automatic “Sell Calls” signal for me, in that it means the market is overbought and will correct sometime over the next 30 to 45 days.

This is reinforced by my High Growth Stock Industry Groups Relative Strength Sums indicator (HGS R/S Summary). It peaked on October 7th in overbought territory and has been headed south since. It is a leading indicator and notes an impending market down turn, as the growth stocks are the first to be exited near a market top.