Sunday, November 1, 2009

ETF Rewind - Week 44 (10/30/09)

(Click Image to Enlarge/ Glossary)

A volatile week left equities down significantly on mixed economic messages.  In fact, the Russell 2000 (IWM) and Emerging Market (EEM) ETFs were down a whopping -6.2% and -7.8% respectively.  This type of reintroduction of volatility is generally not solved easily or quickly, and I suspect we may see more choppy performance in the weeks ahead.  A quick overview of my current thinking may be found here in Friday's mid-day post. 

Beyond that, perhaps the most stunning statistic in this week's table is the VIX's near 31% stretch from its fifteen-day moving average.  In my opinion, the usual bullish implications of this statistic should be moderated by the possibility that we are entering a regime change.

Week Forty-Five of 2009 features yet another very busy economic calendar culminating in the monthly Friday Jobs Report:
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 powerful portfolio management tools.

Enjoy your one-hour longer weekend, remember to change your clocks, and hope you had a Happy Halloween with the Kiddos!

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