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The market’s eighth unabated weekly run higher left the S&P 500 up +2.1%, while the Russell 2000 advanced an even stronger +3.7%. Many of the tracked indices are reaching the early stages of — dare I say — overbought status. Again, without a news catalyst, this is just a heads up artifact of this market’s persistent strength. Week Seventeen of 2010 economic calendar features a Fed Rate Decision and the advance First Quarter Gross Domestic Product readings, as follows:
I hope you had a terrific weekend!
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Never Investment Advice: Prior Weekly Summaries: ETF Rotation Models
