Each week we highlight charts below of the S&P500, Russell 2000, NASDAQ Composite, UUP, EEM, TLT, HYG and CFT. The charts use the 50 day moving average slope indicator. When it is green we like the instrument we are tracking and when it is red we avoid the name. Only EEM, HYG and CFT remain in positive territory while all others are in the negative. Remember what matters is the slope of the 50 day moving average. This rebound has yet to confirm but is improving albeit still negative.