On The Fly: Weekly technical notes for S&P 500

For the week the S&P 500 (SPX) is ending in essentially neutral mode, with no advantage to either the bulls or the bears. Below 2570 the index would be a sell, above 2590 a buy at least in technical terms. Those bounds become the levels to watch heading into next week. With earnings season effectively over, analyst action, money flow, and momentum will dominate. In terms of sectors, the following were the strongest: Utilities (XLU), Consumer Staples (XLP), and Consumer Discretionary (XLY). The sectors leading on the downside: Energy (XLE), Industrials (XLI), Technology (XLK), and Health Care (XLV).