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

Jeff Pietsch

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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:

Yahoo! - U.S. Economic Calendar
Yahoo! - U.S. Earnings Calendar

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

Click to enlarge:

ETF Market Trends: Equity Markets Disregard Negative Employment Data Nov 09, 2009
Weekly ETF Rewind: Bullish Consolidation or Overstretched to the Upside? Nov 09, 2009
ETF Update: Recognizing and Reacting to Risk Nov 09, 2009
The Best and Worst International ETFs in 2009 Nov 08, 2009
EFA: Diversify Your Portfolio Outside the U.S. Nov 08, 2009

Related Stocks:

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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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