Major US index ETFs in our Trend Analyzer are still in a neutral trading range as they have been for much of the past few weeks.  These ETFs have moved slightly closer to overbought territory in the past week but have a ways to go until they get there.  Of these names, the Russell Mid-cap (IWR) is the closest to becoming overbought as it is 2.31% above its 50-DMA.  IWR is also up the most on the week gaining 1.63%.  Other Mid-Cap ETFs like IJH and MDY are some of the others that have seen the largest gains this week.  On the other hand, the Micro-Cap (IWC) ETF is the only member of this group that’s down over the last week.  Granted, these losses have not pressed it below its 50-DMA.

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