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US Equities spent the week going sideways with the S&P 500 (SPY) finishing higher by +0.4%. The largest gainer for the week was Agriculture (DBA +3.2%), while Liquid Fuels suffered a small decline (DBE –1.2%). Speaking of which, DBA, DBP, XLK and IYR continue to look somewhat overbought in spite of last week’s pause.

Among the broader indices, while intraday performance showed early signs of potential exhaustion, it is still not clear whether this is a short-term tradeable top, or another consolidation period before yet another push higher.

Week Thirty-Six of 2009 features a busy economic and reporting calendars, including the Friday Jobs report, as follows:

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