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It’s paid off to own the Financials/Regional Banks, Real Estate and Homebuilders the past 6-months, as they have taken on a leadership role and outperformed the S&P 500 by a wide margin, reflected in the chart above. Below is a 6-pack reflecting the current condition of these outperformers.

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This 6-pack reflects some small breaks of support recently for these leaders, yet nothing dramatic.  How these leaders handle the underside of resistance will tell us a ton about the next big move in the broad markets. For the markets to continue strong, odds favor these leaders need to remain leaders!

Basic Materials reflects the weaker side of the markets and again, they are back up against resistance that has held them in check for months.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past