Market Summary

It may be possible that the lows we see here are the lows from which the market makes its rally forward but I don't think so. Still we have been going sideways for more than 5 weeks and most likely have a band of support keeping the market up. I have made a line on the weekly chart portion of the image below which is approximately the lows of the candles on the hourly portion of the image. Short and intermediate term sentiments are still bearish. Click on image to enlarge.

From the list of tracked indexes the natural gas ETF UNG made the biggest gains for the week up 10.97%. The China ETF FXI was down the most off -4.77%. Click on table to enlarge.