Below is the current data for the Bullish Percent Indicators. The big changes this week showed up in the NASDAQ 100 and S&P 500 as both dropped sufficiently to hand the ball over to the defense. In another post I will show the sector breakdown, but I can tell readers that energy is going through the roof. The hot weather on the east coast is moving a lot of money into the energy sector. Here in Oregon, I slept under a blanket last evening. Two nights ago it was in the high 40s in some of the nearby campgrounds.
It is somewhat troubling that technology is showing weakness. We will keep an eye on the NASDAQ Composite index as it is still in the offensive mode, but weakening.