Sunday, May 23, 2010

ETF Rewind - Week 20 (5/21/10)

(Click Image to Enlarge/ ETF Rewind Glossary)

Last weekend there were early warnings of a potential 200-day break on the S&P 500 (SPY) and that's exactly what we got with the index down -4.2%, about half a percent below its 10-month moving average.

While a recapture of that level is probably in the cards, everything is a trade for now and without a significant catalyst, many will be looking for short entries or to cash out on strength. Meanwhile, if you were having flashbacks to 2008, you weren't the only one. In fact, 2008 popped up in our top five high statistical analogues chart of the week. The forward projections on those matches aren't pretty.

Week Twenty-One of 2010 features the following busy economic and reporting calendars:
I hope you have 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

2 comments:

Anonymous said...

Hi!

Your first image is not clickable.

Thank you.

jgpietsch said...

That's funny, I'm having no problems, try this link: http://3.bp.blogspot.com/_uzVbkLlVFKM/S_i--6PpKFI/AAAAAAAACnk/JXWFWTRhZ74/s1600/201020a.png

Best,JP