By Jeff Pietsch
|(Click Image to Enlarge/ ETF Rewind Glossary)|
The major indices finally broke their four week winning streak with mild losses, leaving the S&P 500 (SPY) lower by -0.2%. However, really it was a mixed board and volatility remains quite light with the VIX continuing to levitate in the low twenties. You may also note in the Relative Strength chart below how the technology laden NASDAQ 100 (QQQQ) has finally ceded a modicum of strength to other sectors and styles, as well how Emerging Markets (EEM) and Commodities (DBC) have become quite overbought on U.S. Dollar (UUP) weakness from a short-term RSI perspective.
Week Forty of 2010 provides another very busy economic reporting calendar featuring the kick-off of Third-Quarter Earnings and the Friday Jobs Report, as follows:
I hope you are having a terrific weekend!
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Disclaimer: Never Investment Advice