Weekly ETF Rewind: Mildly Negative Expectations for This Week

Family happenings have this post necessarily short gang. The S&P 500 (SPY) fell -2.7% last week for the first negative reading in nearly a month. To cut to the chase, I once again have a mildly negative expectation for the upcoming week.

(Click Image to Enlarge/ Glossary)

Not withstanding that outlook, it will be most interesting for technicians and fundamentalists alike to see how the markets react to both Wednesday's FOMC statement and the inevitable 50/200-day moving average cross on the S&P 500 pending any day now.

Week Twenty-Six of 2009, the mid-point of the trading year, features Home Sales, Durable Orders, an FOMC Statement, and Personal Income & Spending Data, as follows:

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

Have a Terrific Week!

Click to enlarge:

Never investment advice