Saturday, March 21, 2009

ETF Rewind - Week 12 (03/20/09)

(Click Image to Enlarge/ Glossary)

Last week's Relative Strength Index (RSI) charts (below) show the extremes the markets moved to on the Federal Reserve's surprise 'reflation' announcement before pulling back on expiration Friday (Bloomberg - Fed Aims to Ease; Wachovia - Implications for $1.25T Purchase).

Nevertheless, the S&P500 (SPY) finished the week higher by +1.5%, although the real stealth winner over the last four weeks has been Emerging Markets (EEM +11.1%), no doubt receiving an added boost from the US Dollar pullback (UUP -3.3%). Commodities have also seen a strong move higher during the last month (DBC +12.8%).

Week Thirteen of 2009 features Durable Goods, Housing, Gross Domestic Product and Personal Spending reports, among others, as follows:

Traders will also be reading Monday's finalized Treasury Plan with a keen eye (Bloomberg - Geithner Finishing Touches). Will the Treasury finally come through for the markets?

If you are interested in a significantly more thorough version of this weekly summary, consider taking a look at Market Rewind's new nightly ETF Rewind Pro service (free trial). In addition to coverage of over 170 ETFs across twelve major asset classes, you will find three model portfolios, daily market signals and commentary, pairs trading and portfolio management tools. Enjoy your weekend!

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