The markets started the week with a push lower thanks to the problems in Turkey, which likely won't go away soon. With this news, the S&P 500 (SPY  ) sold off on Monday but mostly recovered by Tuesday. The SPY sits just under 1% from hitting all time highs, but with the summertime low volume, it could be hard to get there quickly unless there is some unexpected news.

The Nasdaq 100 (QQQ  ) is a little closer to all-time highs but still has some work to do. The QQQ has been mostly immune to the Turkish news as the index is more tech-based. The QQQ remains one of the better performing indices of the year and seems as though it wants to try for all-time highs yet again.

Gold (GLD  ) continues to be severely oversold. This week it dipped by 1.25%, hitting new lows in the process. The price of gold has been steadily sliding over the last few months and is starting to grab the attention of the bottom pickers on Wall Street. For now it remains at lows with every hint of a bounce being sold rather rapidly. Metals & Mining (XME  ) as well as the Gold Mining stocks (GDX  ) all have participated in the push lower.

Healthcare (XLV  ) continues to push slowly and steadily towards new highs with modest gains on the week already. This sector has been in an uptrend that really started to pick up in late July. Highs of $91.79 seem quite reachable at this point.

Lastly, Retail (XRT  ) broke to new highs on Tuesday as retail stocks reported earnings. News from some of the larger retailers sent the XRT to new highs, adding 2.27% on Tuesday alone. Technical traders will note the breakout of the recent range and highlight it as a reason for a bullish stance.