June 2010 Rewind - June Swoon - Invesco Large Cap Growth ETF (ARCA:PWB)

June's economic data provided little respite for those doubting the global slowing theory. The S&P 500, Dow Jones Industrials and NASDAQ 100 cash indices again finished lower for the month by

-5.39%

-3.58%

, and

-6.11%

, respectively.

The holiday-shortened first week of July provided a solid reversal, however, and traders will be undoubtedly be keenly watching each earnings report for signs of where markets go from here. Any early mixed results are almost certain to keep volatility high unless a series of strong cross-sector beats emerges.

Sentiment:

Negative

Volatility:

Moderate (VIX 23-37)

Direction:

Highly Negative

[Click to Enlarge/ Weekly ETF Analyses/ Prior Monthly Summaries/ Mrkt Rotation Selections]

The Style-Box was calculated using the following PowerShares™ ETFs: Small-Growth (PWT), Small-Value (PWY), Mid-Growth (PWJ), Mid-Value (PWP), Large-Growth (PWB), and Large-Value (PWV). The Sector-Ribbon was calculated using the following Select Sector SPDR™ ETFs: Materials (XLB), Industrials (XLI), Energy (XLE), Staples (XLP), Discretionary (XLY), Financials (XLF), Technology (XLK), and Healthcare (XLV). The Standard & Poors 500, Dow Jones Industrial Average and NASDAQ 100 may be traded through ETF proxies, including the SPY or IVV, DIA and QQQQ, respectively.

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June 2010 Rewind - June Swoon

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