Sunday, June 6, 2010

ETF Rewind - Week 22 (6/4/10)

(Click Image to Enlarge/ ETF Rewind Glossary)

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:
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

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