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.
Negative divergences observed on 8 of 9 global averages. India's Nifty 50 set a new high on Wednesday and has a positive but overbought weekly chart.