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Markets had moved higher for so long, that Friday’s small dip dissipated highly senstive overbought readings.  However, momentum had been waning towards the end and several intermediate indicators now look ready to cross.  Indeed, by the looks of things this Sunday afternoon, the sell-off may well carry over to Monday on prospects of the Health Care Bill passage.  In the end, however, it was a mixed week overall with the S&P 500 finishing higher by +0.4% even as the Small-Cap weighted Russell 2000 finished lower by -0.5%. Economic reporting in Week Twelve of 2010 features housing data, as follows:

Have a terrific weekend!

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