(Click Image to Enlarge/ Glossary)
The markets moved back into bull mode last week with another one of those performances often not seen in a year, let alone four days. In fact, the S&P 500 (SPY) closed higher by another +4.1%. Among the tracked ETFs, only Agriculture (DBA), Twenty-Year Treasuries (TLT), and the US Dollar (UUP) closed lower. Many ETFs still look fairly overbought on a very short-term basis, but Friday’s cooling reduced the number of securities in that category, and longer-term strength continues to build.
Week Thirty-Eight of 2009 features the following reporting calendars:
- Yahoo! – U.S. Economic Calendar
- Yahoo! – U.S. Earnings Calendar
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 portfolio management tools.
Enjoy your weekend!
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