It is strongest sector. But that might work even more against it in case of bad news and reversal patterns (A up A up A down) was in XLF and IYR etfs and GS and MS stock + weekly A downs + VIX + general market irrational exuberance and current little nervousness coming back (gold creeping up, bonds creeping up, yen correcting really fast). This is like I heard something and just need to check it out - maybe its just wind, maybe a burglar And if market drops you want to have something on before it. If it makes new highs - well so be it. That's why I put my short position on strongest sector and shared here with a risk of looking stupid
Most of my equity index NL's are all still really strong. Nice failed monthly earlier this week. Cocoa gave a "stealth confirmation" last week and hit the Monthly A this week. I also had a bullish confirm in GBP/USD a couple of weeks ago, but its NL got smacked back down pretty quickly. So far it hasn't gone anywhere so maybe a false alarm there. DX has reset for me but that seems to have had no effect on dollar/yen or peso!
Bonds confirming monthly A up, monthly NL confirmed also. ZB came into 12/1 with a +11 on my 5 day but my 30 day was flat. The 30 day confirmed for me on 12/9 and has really taken off to the races. XIV triggered negative yday on the 5 day and has confirmed monthly A down.