Choppy sideways trade left markets down just slightly, with the S&P 500 (SPY) finishing the week lower by -0.4%. While all of the tracked equity indices are once again above their respective 10-month moving averages and most appear neutral short-term, in contrast Transports (IYT) look fairly overbought, while Utilities (XLU) are striking oversold readings.
Week Nine of 2010 includes a busy economic reporting calendar featuring the March jobs report, and rotation model selections, as follows:
Have a terrific weekend!
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Never Investment Advice: Prior Weekly Summaries: ETF Rotation Models
