Over the last two trading days, the Nasdaq still appears as the weakest spot whereas the Dow Jones Industrials is still the strongest. The Russel 2000 index, we mentioned a couple of days ago is also looking weak. Internal momentum as measured by the cumulative advance/decline line confirms this observation. On the other side, options traders are becoming more cautious as put/call ratios are improving. The weekly investment survey will be interesting to monitor this week. Our trading model has started to turn down. 

Very short term oscillator	Negative -
Short term oscillator	Negative -
RVI trend	Negative -
Trend short term (5 days)	Down ​​
Trend mid term (8 days)	Down ​​
Differential of trends	Up ​​
Risk profile	64 (scale of 1 (low risk) to 100 (high risk))