Markets pushed through various potential resistance zones last week to challenge yearly highs. This action left the S&P 500 (SPY) higher +1.4% and Emerging Markets (EEM) up a whopping +4.5%. The last major resistance level is just about here at those prior highs, and a look under the hood at the RSI-2′s of our Style tracking ETFs suggests the markets are broadly overbought on a very short-term basis, with levels in the high nineties across the board (save Large-Cap Value at 90, explaining the disconnect with the SPY).
March Sector Summary -plus- April Key Resistance & Support Levels
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