The S&P 500 finished the week higher by 0.85%, led by the XLU, XLRE, and XLF sectors. Breadth has continued to stay strong, with an increasing number of new 6-month highs and Industries hitting 52-week highs. There was a small change in the Maestro Model this week. The other primary models remain mostly in line with last week. The spotlight chart this week looks at the lack of downside volume in the equity market and what that’s meant for short-term trends going forward during similar environments. This will be a packed week of Q3 earnings, but the heavily watched mega caps won’t be reporting until next week. It’s a fairly quiet week on econ. news releases outside of some housing data and PMI releases.
Summary of Models
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