Monday, October 5, 2009

ETF Rewind - Week 40 (10/02/09)

(Click Image to Enlarge/ Glossary)

The markets continued their post-September 22nd struggle into difficult economic reports and ahead of third-quarter earnings.  In this respect, early October feels much like early July, the difference being quarter-over-quarter results could prove more difficult this time around.  The S&P500 (SPY) ended last week down a moderate -1.9%, with only the Consumer Staple (XLP +0.3%), Commodity (DBC +1.6%) and Treasury (TLT +1.4%) complexes posting advances among the tracked ETFs.  In any event, equities are looking as short-term oversold now as they looked overbought just a couple of weeks ago.

Week Forty-One of 2009 features a much lighter economic calendar, but also the advent of third-quarter earnings with Alcoa kicking off proceedings next Wednesday, as follows:
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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