1. S&P: challenging important technical support at its200‐dma and the March lows; next support Dec/Feb low at 1980 2. Rusell 2000: challenging main support at 1220 3. Rusell Mid-cap: Challenging key support(1679-1673) March lows and 200-dma 4. DAX: Approaching first support ‘band’ near 200-dma and 2014 highs 5. SHCOMP: challenging 200-dma and key support at prior 2009 & Q1 2015 highs 6.WTI Oil: oversold rebound stalled under 2010 lows under $64.24 resistance 7. Precious Metals: both Gold andSilver continue to consolidateunder long-term resistance/uptrends 8. US Sectors Intermediate-term/weeklyKey points: •Discretionary: continues to show early signs offirming/improving •Staples: very early signs of rebounding •Energy: correction continues •Financials: recovery continues •Health care: leadership intact •Industrials are deteriorating •Technology: correction broadening •Materials are rangebound •Utilities: oversold rebound underway