What is the Market telling us currently?

All three market indicators SPY, QQQ and IWM are showing upward trends. See the chart below to understand what category of stocks these ticker symbols represent. The highest "speed of uptrend" is on SPY. This means that the stock prices of companies in SPY (ETF for S&P500) are in a clear uptrend. The highest "thrust in uptrend" is on QQQ. This means that stock prices of companies in QQQ (ETF for Nasdaq 100) have started their uptrend and should carry on, since the thrust is high.

The numbers for IWM (ETF for small cap) are not as strong as for QQQ and SPY. This means the stock prices for companies in IWM are showing a weak uptrend.

Thus the area to be in is big cap stocks. Big Cap dividend paying stocks were working very well till now. Now Big cap growth stocks are also starting to work. Some Money will move from Big Cap dividend paying value stocks to Big Cap Growth stocks, this will create a slight slowdown in the performance of dividend paying stocks. We can see that in the numbers in the chart below. Numbers for DIA are not as good as numbers for SPY and QQQ.

Growth momentum leaders are the weakest category. We should wait for their numbers to improve before we invest in them.