Market volatility continues as the Dow 30, S&P 500, transports, Russell 2000 may end the week with neutral weekly charts. The Nasdaq will have a positive but overbought weekly chart.
Book profits on homebuilder stocks as builder sentiment falls 3 points in April, while single-family starts slip in March.
As U.S. Treasury bond yields fall, the bond ETF rallies, which helps the gold bullion and dividend-rich utilities stocks ETFs rise in tandem.
The dynamics among 11 S&P 500 sector ETFs are difficult to decipher. REITs, consumer-related, energy, utilities, technology have rising or overbought momentum, materials, industrial, financial, health care, transports do not.