Sunday, June 14, 2009

ETF Rewind - Week 24 (06/12/09)

(Click Image to Enlarge/ Glossary)

Although the S&P 500 (SPY) rose another +0.6% for the year and the Dow Jones Industrial Average (DIA) hit post-swoon recovery highs, the once leading NASDAQ 100 (QQQQ) and Russell 2000 (IWM) put in divergent performances, down -0.4% and -0.8% respectively. While on one hand, the market now sits just one or two more markups below the much contemplated SPX 1,000 level, on the other, these divergences make waning price momentum all the more readily apparent.

Week Twenty-Five of 2009 features options and futures expiration Friday, and the following busy earnings and economic calendar:

Enjoy Your Weekend!

Never Investment Advice

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