Sunday, April 11, 2010

ETF Rewind - Week 14 (4/09/10)

(Click Image to Enlarge/ ETF Rewind Glossary)

The major indices recorded their sixth consecutive week of gains, leaving the S&P 500 higher by another +1.5%.  While historical analogues suggest continued smooth sailing into the months ahead, select indices are once again beginning to look short-term overbought (see QQQQ/ IYT/  XLY/ XLF).  As strong as equities have been, this is not a short signal so much as a heads-up going into an earnings season with particularly high expectations.

Week Fifteen of 2010 promises a much busier economic calendar, and the kick-off of First Quarter Earnings, as follows:
I hope you had a terrific weekend!

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.

Never Investment Advice: Prior Weekly Summaries: ETF Rotation Models

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