Weekly ETF Rewind: Small, End-of-the-Month Recovery Ahead?

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 |  Includes: DBA, DBC, DBE, DBP, DIA, EEM, EFA, IWM, IYR, IYT, PWB, PWV, PXMG, PXMV, PXSG, PXSV, QQQ, SPY, TLT, UUP, XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY
by: ETF Prophet

By Jeff Pietsch

Our technical rotation models' call to remain in currencies and bonds ended up being the correct one as equities moved relentlessly lower for a -3.5% week-over-week decline in the S&P 500 (NYSEARCA:SPY). Even worse off were Consumer Discretionaries (XLY -5.1%) and Energy (XLE -5.6%) on the slower than anticipated final GDP readings.

(Click Image to Enlarge/ ETF Rewind Glossary)

However, breadth and short-term relative strength indicators hooked a bit higher Friday, we'll see if that can't mount into a small recovery going into the end-of-month/ quarter.

The mid-point of the year, Week Twenty-Six of 2010 brings the following busy reporting calendars:


Click to enlarge:

I hope you had a terrific weekend!


Disclaimer: Never Investment Advice