Retail<\/strong> (XRT) \u2013 broke its recent down trend, then checked back into it from above.\u00a0 A good sign and a clear positive trend change.\u00a0 Bullish here.<\/p>\n Transports<\/strong>\u00a0(XTN) \u2013 They were stuck in a downward channel, but broke through to the upside and have consolidated there for a while.\u00a0 Bullish again.<\/p>\n The bull still seems strong here, and I don\u2019t see the need to play for the downside until we break the lower end of this range.<\/p>\n <\/p>\n BP<\/p>\n","protected":false},"excerpt":{"rendered":" I mentioned last week that we are still stuck in high-level range and to me, that means we stick with a bullish bias until that lower part of the range breaks. Pulling back the zoom a little bit, let\u2019s check the markets on a larger time frame and via sectors. The S&P 500 (via SPY) is hovering above the old breakout zone and is well above the intermediate trend line.\u00a0 Still a bullish bias in my view. \u00a0Banks (KBE)- broke their uptrend and have been going sideways to down since.\u00a0 This is the most concerning thing that I have seen.\u00a0 I prefer them to lead, so this divergence could be a harbinger of things to come, but nothing yet. Retail (XRT) \u2013 broke its recent down trend, then checked back into it from above.\u00a0 A good sign and a clear positive trend change.\u00a0 Bullish here. Transports\u00a0(XTN) \u2013 They were stuck in a downward channel, but broke through to the upside and have consolidated there for a while.\u00a0 Bullish again. The bull still seems strong here, and I don\u2019t see the need to play for the downside until we break the lower end of this range. BP<\/p>\n","protected":false},"author":9,"featured_media":4412,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[61,62,8,50,63,64],"class_list":["post-4408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-uncategorized","tag-kbe","tag-spy","tag-stocks","tag-technical-analysis","tag-xrt","tag-xtn"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/4408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=4408"}],"version-history":[{"count":0,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/4408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/4412"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=4408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=4408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=4408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"07252016](\"http:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2016\/07\/07252016-SPY.png\")
\u00a0Banks<\/strong> (KBE)- broke their uptrend and have been going sideways to down since.\u00a0 This is the most concerning thing that I have seen.\u00a0 I prefer them to lead, so this divergence could be a harbinger of things to come, but nothing yet.<\/p>\n![\"07252016](\"http:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2016\/07\/07252016-KBE.png\")
<\/p>\n![\"07252016](\"http:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2016\/07\/07252016-XRT.png\")
<\/p>\n![\"07252016](\"http:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2016\/07\/07252016-XTN.png\")
<\/p>\n