NEW YORK ( TheStreet) -- In the board game Clue, death could come from Colonel Mustard with a candlestick in the parlor.On Wall Street, the culprit could be a competitor with a $2,000 sell order over a computer network.
Weekly momentum readings for the Dow 30 and Dow transports are declining and overbought for the S&P 500, Nasdaq 100 and Russell 2000.
Weekly momentum readings for the ETFs for the Dow 30, S&P 500, Nasdaq 100, Dow transports and Russell 2000 remain overbought.
This week's scorecard for the Dow, S&P 500, Nasdaq, Dow transports and Russell 2000 show negative trends forming.
Six of the nine global averages are in bull market territory vs. their 2016 lows. But there is some risk in that most are overbought too.