Estimated go live date is Monday, September 18th 2017
•Stocks move lower and break below early August lows.
IWM very oversold, but not bearish
NYA composite does not exhibit signs of a topping market
Many sectors are oversold and ripe for a bounce: XLF, XLY, XLI, XLV
While other sectors held-up better on this downturn: IYR, XLP, XLU (fresh highs for Utilities)
•Junk bonds have not yet signaled an end to a correction for stocks
Bonds outperform for the 3rd week straight
TLT is approaching 2017 highs
Overall the tone has shifted towards a more defensive play
•US Dollar is attempting to bottom
Yen vs. US Dollar at a logical support level, but could drop to around 107.05
EURUSD is taking a pause and looks bullish
•Gold at resistance
•Oil pushes off intermediate support.
•A breakout above $3 for natural gas could mean a push towards $3.38