A Quick Look at Market Sectors

Below are 1 year charts of all the major ETFs. Take a close look at each chart and you'll notice a very important point: all of them have broken through key resistance levels in one way or another. Some are even above the 200 day SMA. The point to all this is we are out of the severe oversold conditions that were prominent for the early part of this year. A pull back from these levels would not be a bad thing.

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