This chart could be what finally breaks down the stock market into a correction.

The Leader List

The leader list has really changed a lot over the last week. Technology and QQQ have fallen off the list, and replaced with Industrials, Materials, Dividends. I expect we’ll see TLT back in leadership soon.
 

Dividends are back in favor. This is a nice looking chart.

The break down of Technology has been the big news the last four days, but this chart doesn’t look too bad.

I don’t think I will be buying the Russia ETF anytime soon.

Outlook

The long-term outlook is positive.
The medium-term trend is up. Overdue for a correction.
The short-term trend is up as May-24. Looking for signs that the next downturn is starting.