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The image below is from our Trend Analyzer tool and shows where each of the S&P 500 sectors is trading relative to their trading ranges. While most sectors are overbought at the moment, Industrials (XLI) are just shy of overbought levels and the Real Estate sector (XLRE) is actually trading slightly below its 50-DMA. Despite being below its 50-DMA, though, XLRE has been the best performing sector over the last week, while Financials (XLF) is the only sector in the red.