Some sectors not looking as healthy as they once were

In fact it is one of the first times in quite some time where I am seeing tons of divergences across the different sectors. You have utilities that are topping, and then healthcare that is crashing. Technology is surging, while Energy is simply creeping higher. Staples can't be stopped, and Discretionary has a bearish wedge that should concern us all.  

The Stochastics Oscillator is one of the most popular ways of measuring the stock market or an individual stock for whether it is oversold or overbought. The stochastic oscillator is a momentum indicator developed by Dr. George Lane in the 1950's and is used to define the current price in relation to its price range over a defined period of time.

Early reversal on the indicator has the bulls feeling optimistic for all-time highs. 

I'll admit though, if we have to deal with this kind of chop fest on our way to all-time highs, it isn't going to be a very fun experience that'll be for sure. Money is rotating in and out of sectors and industries each and every day, and rarely do you find a stock that can provide a few days of consistent gains.

Last week the bullish indicator reversed much earlier than anything I have seen over the last few years, and my interpretation of it is that we are likely to make a run for those all-time highs in the very near future.