Last week most of our ETFs were down a little, with small and mid cap ETFs down about 1.5%-2%. Gold (GLD) was down a little over 2%. The big loser last week was the REIT ETF (VNQ). This was mainly due to the weak reports from retailers, major tenants for a number of the large REITs. Still, the REIT index is 11% above a change from its positive Long Term trend to a negative one, and this is about as close as any of our ETFs are to a trend change.
