This was a nice week for bulls. As to light volume it's disturbing but for most investors it's not something put on their brokerage statement. We see the overall pattern as distribution but we're also long maintaining our typical systematic approach to conditions and markets. We can rage at the machine but still do our job. Next week will feature primarily the Employment Report. It will be more interesting than most given recent Jobless Claims trends. At the same time many are losing benefits and dropping off the rolls. During the week we'll see plenty more earnings news and economic data featuring ISM Mfg Index, Chicago, PMI, Construction Spending and ADP Employment data, Jobless Claims and the Employment Report. Sunday, May 6 th is the French election. Let's see what happens. Disclaimer: The ETF Digest maintains active ETF trading portfolio and a wide selection of ETFs away from portfolios in an independent listing. Current positions if any are embedded within charts: Lazy & Hedged Lazy Portfolios maintain the follow positions: VT, MGV, BND, BSV, VGT, VWO, VNO, IAU, DJCI, DJP, VMBS, VIG, ILF, EWA, IEV, EWC, EWJ, EWG, & EWU.The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com.