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Market Overview

Markets
QQQ443.30
-0.88-0.20%
DIA391.08
-5.49-1.38%
SPY525.98
+0.320.06%
TLT87.52
-0.80-0.90%
GLD306.08
-1.39-0.45%

ETF Rewind - Week 35 (08/28/09)

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(Click Image to Enlarge/ GlossaryUS Equities spent the week going sideways with the S&P 500 (SPY) finishing higher by +0.4%. The largest gainer for the week was Agriculture (DBA +3.2%), while Liquid Fuels suffered a small decline (DBE -1.2%).  Speaking of which, DBA, DBP, XLK and IYR continue to look somewhat overbought in spite of last week's pause. 

Among the broader indices, while intraday performance showed early signs of potential exhaustion, it is still not clear whether this is a short-term tradeable top, or another consolidation period before yet another push higher.

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Week Thirty-Six of 2009 features a busy economic and reporting calendars, including the Friday Jobs report, as follows:

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 (3-Day Trial). 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 portfolio management tools. Enjoy your weekend!

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