The SPY is delicately poised just above the 200-day moving average. The short-term indicators are bearish but the SPY has had a habit of bouncing off its 200-day average. It has happened twice in the past 1 year. So, I am going to watch very closely.
EEM is really looking bad. I continue to be long the EDZ. This has paid off well so far.
XLE – same situation, very bearish. I am long ERY and holding on to it.