The Semiconductors continue to test the lower end of the range, but now the chart includes a trend line break.

The Leader List

The leaders are listed below in blue and green. The S&P 500 is the benchmark. No changes today.

The Mexico ETF looks like it ready to break higher.

The Juniors look promising. This ETF might be ready to break out of a base.

Bonds are looking good.

Outlook

The broader market has been very weak even though the major indexes have held up fairly well. The short-term indicators are oversold, so watch for signs that the selling is ready to pause. 

The long-term outlook is positive.
The medium-term trend is down as of Aug-10. Looking for a low late September.
The short-term trend is down as of July-28. Watching for signs of a new short-term uptrend.