Trading Range Market Continues

The markets continue to oscillate back and forth with no strong directional pull.  This is typical trading range market action.  The futures are positive this morning and the DAX is slightly negative, indicating a mild up open.  The market bias indicators are slightly negative and the market condition scans are neutral with no strong directional bias.

Index	Change	%Change	Level	Phase
TSX	-120.70	-1.05%	11386.93	Bullish
DJIA	-104.14	-1.00%	10285.97	Bullish
Nasdaq	-16.62	-0.76%	2172.99	Bullish
SP 500	-11.31	-1.03%	1091.94	Bullish
Russell 2000	-5.86	-0.97%	597.70	Bullish
NYSE	-99.47	-1.39%	7056.26	Bullish

Source: Telechart

Short Term market outlook:

Bias: Scans showing a neutral bias

Energy: weak

Primary Trend: sideways

Market: Trading Range

Sector	Phase
Consumer Staples	Bullish
Healthcare	Warning
Technology	Bullish
Utilities	Warning
Energy	Bullish
Financials	Warning
Industrials	Bullish
Materials	Bullish
Consumer Discretionary	Bullish

Source: Telechart