The Dow 30, S&P 500 approach March 1 highs, transports lag. Russell 2000, German DAX join the rally setting all-time intraday highs along with the Nasdaq and India's Nifty 50.
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.
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.