From a tactical standpoint, the S&P 500 gained 0.54% last week and our four indicators are a bit more overbought, but still remain in neutral territory. In terms of economic data, the remainder of this week will feature a number of significant economic data releases. Due out this week are: Existing Home Sales, Goods Orders, Continuing Claims, Markit US PMI data, New Home Sales, and U. of Mich. Sentiment data.


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