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By Jeff Pietsch

After another week of serious downdraft leaving the S&P 500 (NYSEARCA:SPY) lower by another -5.3% on the week and nearly -4% in a month, the major US indices are now extremely oversold with the NASDAQ 100 down a record ten consecutive sessions.

(Click Image to Enlarge/ ETF Rewind Glossary)

Going into the holiday shortened week, Week Twenty-Seven of 2010 likewise presents a more than proportionately light reporting calendar:

Click to enlarge:

I hope you had a terrific long weekend!

Disclaimer: Never Investment Advice

Source: Weekly ETF Rewind: Major U.S. Indices Extremely Oversold