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Weekly ETF Rewind: Waiting for Retail Sales Report 1 comment

by: Jeff Pietsch June 07, 2009 | about: DBA / DBC / DBE / DBP / DIA / EEM / EFA / IWM / IYR / IYT / PWB / PWJ / PWP / PWT / PWV / PWY / QQQQ / SPY / TLT / UUP / XLB / XLE / XLF / XLI / XLK / XLP / XLU / XLV / XLY    
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Weekly ETF Review:

(Click Image to Enlarge/ Glossary)

Last week the S&P500 (SPY) continued its upward trajectory well above long-term moving averages and towards 1,000 territory. The +2.2% move was facilitated by early-month trade and a slew of hopeful economic signs. Week Twenty-Four of 2009 features another busy earnings and economic calendar, including the Beige Book release and Retail Sales report:

Retail Sales should be particularly interesting given Friday's retractive Consumer Credit report (LA Times - Consumer Credit). Enjoy Your Weekend!

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    Watch retail sales figures for next major move in XLY (consumer discretionary) ... personally, a long XLE, short XLY trade is best risk-reward now that crude oil is $65+ ...
    Jun 07 04:19 PM | Link | Reply
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