Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
The S&P lost the momentum of ’19 rally including the 5-day and 20-day MA, but importantly, it held support on Friday.
Transports saw the longest losing streak (12 days) since 1972!
Watch these support levels in S&P futures, IWM and IYT next week closely and look for a bounce or breakdown.
US Equity ETFs saw larger outflows -$6.3 billion last week (+$1.7 billion previous week). Overall International ETFs continue to be quieter and saw inflows of+$0.4 billion (-$0.6 billion previous week) and Fixed Income ETFs saw outflows of-$0.9 billion (+$0.5 billion previous week) last week.