Can the Markets Continue Their Dazzling Show This Week?

In another heady week of heated action on the U.S. stock markets, the Dow Jones Industrial Average rocked to new highs, while the S&P 500 rolled just below all-time highs

The Dow Jones Industrial Average (NYSEARCA:DIA) posted its best winning streak since 1996 this week with ten up days in a row, while the S&P 500 (NYSEARCA:SPY) came close to its all time-high before closing lower on Friday.

For the week, the Dow Jones Industrial Average advanced 0.8 percent, while the S&P 500 (NYSEARCA:SPY) added 0.6 percent.

The Nasdaq 100 (NYSEARCA:QQQ) fell 0.28 percent on Friday to close down slightly for the week, while the Russell 2000 (NYSEARCA:IWM) fell 0.06 percent on Friday to post a 1.1 percent gain for the week.

On My ETF Radar

chart courtesy of StockCharts.com

The chart of the Dow Jones Industrial Average shows the overbought nature of the market with RSI at 73, Stochastic overbought, and Momentum still positive, but leveling off.