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.
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.
The exchange traded funds Diamonds, Spiders, transports and small caps have been downgraded to negative, QQQ's remain positive but overbought, but could soon be downgraded as well.