ETF Rewind: S&P 500's Best Performance of the Year (So Far)

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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

The market finally got its reversal, repairing most of the prior week's damage, leaving the S&P 500 (NYSEARCA:SPY) higher by +5.1% for the best weekly performance of the year. However, we are now just as short-term overbought as we were recently oversold, and only earnings will tell where we go from here.

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Week Twenty-Eight of 2010 presents the following reporting calendars featuring retail sales, the FOMC minutes, and the start of Q2 earnings:

Lastly, in accordance with a more positive intermediate-term outlook, I noted a couple of more encouraging historical analogues popping up on our weekly simile analysis, provided here. I will be on vacation next week -- have a good one!

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