The market looks somewhat mixed. The main signals seem to be towards the bearish side with SPY and IWM trending low. There is some good news from the quarterly results from the banks and financials though which is likely stemming the tide a little.
But overall the market seems to have more chance of going down than up. So, I may take up a stance along those lines in the next day or so.
SPY: Bearish since last Thursday October 13; I should have got in with a bearish trade that same day. I will likely buy SPXS today
EEM: Just about touching the bearish line; should watch for the next few days
IWM: Really in bearish territory; I should go long on TZA
XLE: Very choppy; cannot make a judgment
XLU: Has been severely bearish; now trying to come up a little but still in bearish territory
XLI: Almost in bearish territory
XLF: Strangely trending against the wind a little; looks like in somewhat of a bullish trend probably due to the good results from the banks and financials recently
XLK: Neutral but looks like breaking soon