ETF Rewind: Extended Short-Term Overbought Readings Across All Indices
ETF Prophet submits:
by Market Rewind
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| (Click Image to Enlarge/ ETF Rewind Glossary) |
Equities made a furious dash higher on oversold conditions combined with several marginally better than expected economic reports and talks of status quo taxation, taking the S&P 500 (SPY) higher by +3.8%. The most impressive sector movers were the Financial (XLF) and Real Estate (IYR) sectors, both with whopping +5.8% gains. In contrast, Treasuries (TLT) recorded another -1.4% decline.
