Alcoa (AA) has a very pronounced triangular pattern which suggests that a breakaway pattern is imminent.

Clive Corcoran continues to monitor the forex market carefully for clues as to any shift in sentiment regarding the dollar.

IYR, the exchange traded fund for US real estate, has failed to reach back above a key moving average.

If IWM, the exchange-traded proxy for the Russell 2000, can manage to produce some further gains and outstrip the performance of the larger-cap indices, this would lend support to the notion that the recent correction may be almost finished.

The Russell 2000 (RUT) was the best leading indicator to the correction that we are now witnessing and may well provide clues that the path ahead should not be as steeply upward as was seen between July and September.

Bank of America (BAC) is performing poorly and Clive Corcoran expects this to revisit the $12 region in the intermediate term.

In Clive Corcoran's opinion, traders need to embrace the higher beta stocks again if there is going to be another strongly bullish impulse.

This morning's charts reveal a number of key trend lines which have been violated in the most recent selloff.

There are signs that the carry trade unwind is creating some seismic foreshocks.

GDX, which tracks the gold mining sector, is approaching a price zone where Clive Corcoran thinks the long side would be worthy of consideration.