Updated to include Avon's rejection of Coty's bid.NEW YORK ( TheStreet) -- Avon Products ( AVP) was the best-performing stock in the S&P 500 on Monday morning. The S&P 500 was gaining 4.42 points, or 0.31%, to 1,412.89.
The bulls controlled the week, but Transports and small caps in the U.S. and the Shanghai Composite and German DAX overseas show negative divergences.
Trading ranges remain in play for the 'flight to safety' exchange-traded funds for U.S. Treasury bonds, gold bullion, and dividend-rich utilities stocks.
The technology ETF continues to trade to new highs, while utilities provide the safety of dividends.
The PowerShares QQQ still has a positive but overbought weekly chart, but risky levels for 2017 have been achieved, and the four other stock market ETFs are showing negative divergences.