The market slide looked to be abating at the midweek, and then came the Friday Jobs Report with added European contagion fears to boot on Hungarian statements. While the S&P 500 (SPY) finished the week down some -3.6%, Small-Caps (IWM) fell a full -5.3%, with the retreat lead by the Materials (XLB) Sector, down -7.0%. Not surprisingly, only Bonds (TLT) and the US Dollar (UUP) came out ahead, up +2.1% and +2.3%, respectively.
Speaking of which, the Market Rewind ETF Rotation Models have now been in UUP for a full month, up about +3.9% during that period. Meanwhile, unfortunately for the Bulls, it would appear too early to proclaim the market oversold according to technical measures.
Week Twenty-Three of 2010 focuses on Retail Sales and Consumer Sentiment, as follows:
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Never Investment Advice: Prior Weekly Summaries: ETF Rotation Models