The negative action in the stocks this week is a stark contrast to the long positive stretch so far this year.  Even though the week was uncomfortable, the percent of S&P 500 stocks above their 200-day average is still high at 90%, and the percentage of stocks in bullish point and figure chart patterns is still high at 88%.

(click images to enlarge)

Here is how various representative asset categories have performed year-to-date.

Each chart plots the security (or index) in black.  The 63-day price channel high, low and mid-point are plotted in blue.  The 200-day moving average is plotted in solid tan.  The price levels that are 10% and 20% below the trailing 252-day high price (correction and bear market levels) are plotted in red.

For bonds corrections and bear markets are characterized by less severe drawdowns, however, for visual consistency, the charts below use the 10% and 20% trailing indicators on stocks as well as bonds.

S&P 500

Europe

Japan

Emerging Markets

Australia

China

Brazil

S&P 1500 High Yield Dividend Aristocrats

S&P 500 Low Volatility

S&P 500 High Quality

S&P 500 Utilities

MSCI Equity REITs

Alerian MLPs 

Short-Term Investment Grade Corporate Bonds

Intermediate-Term Investment Grade Corporate Bonds

Long-Term Investment Grade Corporate Bonds

Emerging Market Dollar Denominated Sovereign Bonds

Non-US Developed Market Sovereign Bonds

Gold Bullion

Copper