ETFProphet's Commentaries
Feb
28
2010
ETF Rewind - Week 8 (2/26/10)
by ETFProphet
Overall Rating:
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!
If you are interested in a significantly more thorough version of this weekly summary, consider taking a look at Market Rewind's nightly ETF Rewind Pro service. In addition to coverage of nearly 200 ETFs across twelve major asset classes, you will find three model portfolios, daily market signals and commentary, pairs trading and various powerful portfolio management tools.
Never Investment Advice: Prior Weekly Summaries: ETF Rotation Models
Tags: xlu | spy | iyt
