Over the past several days, healthcare has been correcting by selling off down to key support levels, but many healthcare ETFs are now poised to resume their intermediate-term uptrends.

The major indices remain out of sync with one another going into today. Whenever that occurs, one should expect choppy and indecisive conditions, just as we experienced yesterday. This is no time to be aggressively long on either side of the market.

The main stock market indexes are now showing mixed signals and are out of sync with one another.

Deron Wagner cautions traders to keep a close eye on yesterday's lows in the S&P 500 and Dow Jones Industrial Average, as a break below those levels would correlate to a confirmed break of their intermediate-term uptrend lines off their mid-July lows.

Deron Wagner's overall near- and intermediate-term biases remain neutral.

As we close the week, both the S&P 500 and Dow Jones Industrial Average are in "no man's land," trapped between key levels of support and resistance.

Deron Wagner writes that after a recent correction down to their 20-day exponential moving averages, followed by a period of price consolidation, most of the biotech ETFs are now poised to break out to new highs.

Deron Wagner writes that stocks may require a bit of price consolidation at current levels before moving much higher.

Joining the list of industries with relative strength is the consumer goods sector, specifically the non-discretionary retail sub-sector.

The lighter volume of Friday's breakout is a moderate concern.