This time last week was the worst of the recent widespread equity sell-off.  In the week since then, markets have crawled higher.  While they are nothing to write home about, every ETF in the major US Index ETF group has now edged out gains from one week ago.  The Nasdaq has had a remarkably better week compared to its peers, up 3.12% from 5 days ago.  Despite this, other than the Dow (DIA), all the ETFs remain oversold sitting well below their 50-DMAs.  On the bright side, there are no longer any ETFs that are extremely oversold as they have climbed upwards towards their 50-DMA since this time last week.  At least things are back to trending in the right direction.

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