Saturday, January 31, 2009

ETF Rewind - Week 5 (01/30/09)

(Click Image to Enlarge/ Glossary)

With all its ups and downs capped off by the most negative GDP report in some thirty years, the mixed week certainly felt worse than it actually was (LA Times - GDP Worst Since 1982). In fact, while the S&P 500 (SPY) closed down -0.3%, the Nasdaq 100 finished modestly higher (QQQQ +0.6%). Meanwhile, Precious Metals (DBP) continued its upward trajectory by +3.9%, as the US Dollar also moved curiously higher (UUP +0.3%).

Week Six of 2009 features the following busy reporting calendars, including the jobs report on Friday, and an increasingly heavy earnings season:

Markets have been understandably sensitive to every new report on the progress of the "Stimulus Plan" and "Bad Bank," so traders will naturally be following developments there very closely -- you should too. Enjoy your weekend and... the Big Game!

Never Investment Advice


bzbtrader said...

Sincere thanks for the ETF Rewind. I know and appreciate how much effort went into creating this thing. A very useful prospecting tool and a great snapshot of the markets. Now, if I could just figure out how to get some of my Dirty Dozen signals embedded in the matrix, I'd be in business.

Jeff Pietsch CFA Esq said...

Thanks BZB. Shoot me an email at jgpietsch @ gmail and I'll be sure to put you on the full sheet beta (See the link to ETF Rewind on the right for more info.)

Cheers, Jeff