The Market: No Longer Oversold

 |  Includes: SPY, XLB, XLE, XLI, XLK, XLP, XLV
by: TickerSense

S&P 500 Trading Envelope 20110630

(Click charts to expand)

The S&P 500 (NYSEARCA:SPY) is up 3.1% this week, moving market and sectors back within their trading envelopes.

In looking at the Sector Timing Model, staples is the only sector on the edge of the lower bound, just 0.3% above the bottom TE.

Sector timing model 20110630 - 1
Sector timing model 20110630 - 2