The Sector models closed down between -1.4% and -2.9% on the week. The SPY closed up +2.9% on the week. The SPY gapped higher the first two days of the week, recovering most of the February drawdown, but still significantly negative on the year. The January lows were retested and held and could be support going forward. This Week’s Strategy Lesson: The Year So Far For financial markets, 2016 has proven to be rough waters.
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