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It’s a quiet morning in the markets which is a complete 180-degree turn from last week at this time. Futures are modestly higher, but we have a busy week of economic data ahead and the unofficial end to earnings season when Wal-Mart (WMT) reports on Thursday morning.
It was a whipsaw week for US equities, but you wouldn’t have known if from the snapshot in our Trend Analyzer as no sector was up or down more than 1.7%. There’s a good degree of disparity at the sector level though. While mostly defensive sectors like Health Care, Utilities, Real Estate, and Consumer Staples all finished the week at overbought levels, Consumer Discretionary, Technology, Energy, and Materials all finished the week below their 50-day moving averages.
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