The dynamics among the 11 S&P 500 sector ETFs make investment strategies difficult to judge. You can't be bullish with energy negative, but bulls control 7 of the 11 sectors.
Diamonds ended last week with a negative weekly chart, while Spiders, transports and small caps were upgraded to neutral weekly charts, QQQ's has a positive but overbought weekly chart.
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.