Did I say the market looked extended last week? The S&P 500 finished the week higher by +1.1%, and equities have now put in their strongest run in years — take a look at that RSI chart below! As far as we have come, there is strong evidence that this move has even more room to run. Week eleven of 2010 includes a heavier economic reporting calendar featuring an FOMC announcement, as follows:
Have a terrific weekend!
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Never Investment Advice: Prior Weekly Summaries: ETF Rotation Models
