Monday, July 12, 2010

ETF Rewind - Week 27 (7/9/10)

(Click Image to Enlarge/ ETF Rewind Glossary)

The market finally got its reversal, repairing most of the prior week's damage, leaving the S&P 500 (SPY) higher by +5.1% for the best weekly performance of the year.  However, we are now just as short-term overbought as we were recently oversold, and only earnings will tell where we go from here.

Week Twenty-Eight of 2010 presents the following reporting calendars featuring retail sales, the FOMC minutes, and the start of Q2 earnings:
Lastly, in accordance with a more positive intermediate-term outlook, I noted a couple of more encouraging historical analogues popping up on our weekly simile analysis, provided hereI will be on vacation next week -- have a good one!

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 over 200 ETFs across twelve major asset classes, you will find three model portfolios, daily market signals and commentary, pairs trading, rotation modeling, and various powerful portfolio management tools.

Never Investment Advice: Prior Weekly Summaries: ETF Rotation Models

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