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Last week the S&P 500 (SPY) recorded a break-even performance of -0.1%. In fact, with the VIX settling back into its lows for the year, only Agricultural stocks (DBA) were able to put in much of a move at plus +3.4%. Speaking of the VIX, while stocks don’t look terribly short-term overbought, it is a concern to see that metric so far stretched below its near-term average. Meanwhile, other relative strength leaders going into the final two weeks of the year remain Small-Cap (PWT) and Mid-Cap Growth (PWJ) stocks, indicating an overall “risk-on†disposition.
Week Fifty-One of 2010 features a holiday shortened week, as follows:
- U.S. Economic Calendar
- U.S. Earnings Calendar
- Planned Open Market Operations
- Historical Market Analogues
- ETF Rotation Models [Custom]
I hope you are having a terrific weekend. Best Holiday Wishes to all!
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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
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