Double Falling HS pattern in Dollar Index Reverses

This surprising reversal, from such a powerful low risk pattern, in the USD may signal a turnaround in the Downward trend into a Flat.

Unofficial SP600 Follow Through

The SP600 Index appeared to Follow Through on Tuesday 7/22, But IBD did not concur since the more popular indexes failed to make the 1.5%+ gains necessary, only the small cap indexes sp600 and Russell2000 were able to. Though it appears to meet all the IBD and my own definitions of a FT day. The VIX/VXN reached to 30/33 level in the the days prior coinciding near a bottom and making a large fall(8%) on the FT day itself, the II survey showed bears at 49%(extreme pessimism)

Bear Groups Laggards "Leading"

Bear market signal in Coal and Steel

Credit to BMB

A classic sign of the end of a bull market is when the leaders of the uptrend breakdown sharply all on the same day. Today we see this occur in the Coal and Steel sectors. Though the general US markets have been in a Bear since 11/7/07 the Coal and Steel sectors continued a bull trend through the general market corrections. But today's price action indicates the bull trend in Coal and Steel is likely coming to an end.