Yesterday marked yet another day of steep losses across the major indices.  Each of the ETFs that track the major US indices in our Trend Analyzer have now moved both deep into oversold territory as well as into downtrends.  They are also all substantially below their respective 50-DMAs with the Core S&P Small-Cap (IJR) and the Micro-Cap (IWM) trading over 10% below.  Year to date performance is no better with substantial losses across the board; some of which have hit double-digits.  Just about the only positive to draw is the Nasdaq (QQQ).  It is an island of green in a sea of red as it is the only ETF that is positive YTD.  Granted, it is only up 1.64% which could be easily be erased with another session like yesterday.

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