THE CLOSE

More of this little pullback but keep in mind, lots of jello moving on the plate.

First off…housing stocks continue to have the best charts and a near term bid. Not exactly beta but working.

Commodities are still breaking near term support and now seeing some steel names gag.

Junk bonds may be topping. Go look at HYG and JNK.

Airlines may also be putting in near term tops.

Emerging markets and a few countries possibly putting in near term tops.

The small caps continue to lag. Go take a gander at the Russell versus the Nasdaq 100.

The good news is major indices are just pulling in a wee bit…so far. Just know a few more things starting to go into the iffy column.