 |
| (Click Image to Enlarge/ ETF Rewind Glossary) |
Equities made a furious dash higher on oversold conditions combined with several marginally better than expected economic reports and talks of status quo taxation, taking the S&P 500 (SPY) higher by +3.8%. The most impressive sector movers were the Financial (XLF) and Real Estate (IYR) sectors, both with whopping +5.8% gains. In contrast, Treasuries (TLT) recorded another -1.4% decline.
Throughout 2010, powerful moves off of cycle lows have been characterized by equally strong continuation. However, traders would be remiss not to notice the extended short-term overbought RSI readings across all tracked equity indices early next week….
Holiday shortened Week Thirty-Six of 2010 features a breezier economic reporting calendar, including publication of the Federal Reserve Beige Book report:
- U.S. Economic Calendar
- U.S. Earnings Calendar
- Historical Market Analogues
- ETF Rotation Models [Custom]
I hope you are having a terrific long 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 over 200 ETFs across twelve major asset classes, you will find three model portfolios, daily market signals and commentary, pairs trading, rotation modeling, and various powerful portfolio management tools.
Never Investment Advice: Prior Weekly Summaries
Related posts:
