We thought there might have been an early bullish reversal a month ago, but that didn't pan out, and the downside continued for the market. 

But now the SharePlanner Reversal Indicator is at an extreme place, and recent history (over the past year), suggests its time in the extremes is short lived. That's why I think a good hard reversal is coming next week for the bulls. 

Most of the sectors are showing sideways trading patterns. 

The market isn't entirely untradeable but it is getting pretty darn close to it. I'm finding the breakout plays to be more difficult than most, and instead focusing on the stocks that are forming a base and coming out of that base, following a sell-off. Most recent profitable trades include Facebook (FB) and Netlfix (NFLX). Then again, you have today's trade in Weight Watchers (WTW) that did absolutely nothing but ultimately stop me out for a loss. There is a decent chance that tomorrow I get in one of both of them, as they are sporting some bull flag trading patterns in the short term. Technology is stil a strong sector, just not as the three ahead of it. 

Here's what I see as the top 3 sectors right now:

1. Healthcare
2. Discretionary
3. Financials

The 3 worse sectors are:

1. Energy
2. Materials
3. Staples

Staples actually aren't all that bad, they are pulling back during a time when the market is rallying, but the pullback as a whole, has actually been quite healthy. Energy though - absolutely no edge trading that sector right now. 

Let's review the sectors:

Basic Materials (XLB)

Energy (XLE)

Financials (XLF) 

Industrials (XLI)

Technology (XLK)

Consumer Staples (XLP)

Utilities (XLU)

Health Care (XLV)

Consumer Disretionary (XLY)

Each of the indices are telling a different story, and they can shift quite regularly. 

But after the surprising, not-so-surprising bounce off the lows of the day, to rip the hearts right out of the bears, the markets are showing themselves to be willing to push higher - particularly the Nasdaq and S&P 500. 

Here's the charts - check them out:
S&P 500 (SPY):

Nasdaq (QQQ)