Sunday, June 7, 2009

ETF Rewind - Week 23 (06/05/09)

(Click Image to Enlarge/ Glossary)

Last week the S&P500 (SPY) continued its upward trajectory well above long-term moving averages and towards 1,000 territory. The +2.2% move was facilitated by early-month trade and a slew of hopeful economic signs. Week Twenty-Four of 2009 features another busy earnings and economic calendar, including the Beige Book release and Retail Sales report:

Retail Sales should be particularly interesting given Friday's retractive Consumer Credit report (LA Times - Consumer Credit). Enjoy Your Weekend!

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