Sunday, December 6, 2009

November 2009 Rewind - Sharing the Bounty

Horrid internet connectivity issues last month meant that I had to recreate a good deal of the November news table -- my apologies for the delay.

In spite of some Dubai induced gyrations towards the end-of-month, November yielded bountiful results leaving the S&P 500, Dow Jones Industrials and NASDAQ 100 cash indices all much higher at +5.74% , +6.51% and +6.02%, respectively. That left annual results at very respectable +21.30% , +17.87% and +45.87%, respectively

Going into December, a renewed focus on the US Dollar due to the Dubai event and surprisingly strong economic reports will have traders balancing the reinvigorated economic indications against the foreseen impact of any loss in earnings power overseas and the possibility of sooner rate hikes as we dash into year-end.

Sentiment: Positive
Volatility: Wide Ranging (VIX 20-30)
Direction: Positive

[Click to Enlarge/ Weekly ETF Analyses/ Prior Monthly Summaries]

The Style-Box was calculated using the following PowerShares™ ETFs: Small-Growth (PWT), Small-Value (PWY), Mid-Growth (PWJ), Mid-Value (PWP), Large-Growth (PWB), and Large-Value (PWV). The Sector-Ribbon was calculated using the following Select Sector SPDR™ ETFs: Materials (XLB), Industrials (XLI), Energy (XLE), Staples (XLP), Discretionary (XLY), Financials (XLF), Technology (XLK), and Healthcare (XLV). The Standard & Poors 500, Dow Jones Industrial Average and NASDAQ 100 may be traded through ETF proxies, including the SPY or IVV, DIA and QQQQ, respectively.

No comments: