Weekly ETF Rewind: Longer Term Strength Continues to Build

The markets moved back into bull mode last week with another one of those performances often not seen in a year, let alone four days. In fact, the S&P 500 (SPY) closed higher by another +4.1%. Among the tracked ETFs, only Agriculture (DBA), Twenty-Year Treasuries (TLT), and the US Dollar (UUP) closed lower. Many ETFs still look fairly overbought on a very short-term basis, but Friday's cooling reduced the number of securities in that category, and longer-term strength continues to build.

(Click Image to Enlarge/ Glossary)

Week Thirty-Eight of 2009 features the following reporting calendars:

• Yahoo! - U.S. Economic Calendar
• Yahoo! - U.S. Earnings Calendar

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Hope you enjoyed your weekend!

Disclosure: Never investment advice