XJO was down modestly today -0.23%. [IMG] XJO has been down five...

XJO was down modestly today -0.23%.



XJO has been down five of the past five days and down eight out of the past nine days.

Sounds like the chance of a bounce.

Stochastic is very oversold at 1.2.  RSI is oversold at 38.

Wait for a break to the upside.  (Oversold can become more oversold.)

Defensive sectors are showing relative strength, particularly Health and Consumer Staples.  XHJ up today +0.21%.  XSJ up +0.83%.  Industrials, which has been in a medium term down-trend, also performed well today +0.56%.  It is also showing a positive performance relative to the XJO.  Watch.

RB