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Major U.S. indices put in a strong weekly performance in-spite of a disappointing Friday Jobs Report, with the S&P 500 (SPY) finishing higher by +3.4%. In fact, within our tracked indices, only Treasuries (TLT) and the U.S. Dollar (UUP) finished lower, by -1.9% and -1.4%, respectively.
From a Relative Strength standpoint, Precious Metals (DBP), Agriculture (DBA) and Mid-Cap Growth (PWJ) stocks continued to lead the charge, even as equities now look short-term overbought going into the new week.
Week Forty-Nine of 2010 otherwise features a significantly slower economic reporting calendar, as follows:
- U.S. Economic Calendar
- U.S. Earnings Calendar
- Historical Market Analogues
- ETF Rotation Models [Custom]
November Monthly Summary
The fact that November’s closes were unable to follow through on their earlier breakout attempt is a testament to just how strong December’s first three days of trade were. Indeed, the month of November closed out just last Tuesday with the the S&P 500, Dow Jones Industrials and NASDAQ 100 cash indices slightly lower by -0.23%, -1.01%, and -0.34%, respectively. Style and sector performances at month end are provided below:
If you are interested in a significantly more thorough version of this weekly summary, consider taking a look at Market Rewind’s nightly ETF Rewind Pro service. In addition to coverage of over 200 ETFs across twelve major asset classes, you will find three model portfolios, daily market signals and commentary, pairs trading, rotation modeling, and various powerful portfolio management tools.
The Style-Box was calculated using the following PowerShares™ ETFs: Small-Growth (PWT), Small-Value (PWY), Mid-Growth (PWJ), Mid-Value (PWP), Large-Growth (PWB), and Large-Value (PWV). The Sector-Ribbon was calculated using the following Select Sector SPDR™ ETFs: Materials (XLB), Industrials (XLI), Energy (XLE), Staples (XLP), Discretionary (XLY), Financials (XLF), Technology (XLK), and Healthcare (XLV). The Standard & Poors 500, Dow Jones Industrial Average and NASDAQ 100 may be traded through ETF proxies, including the SPY or IVV, DIA and QQQQ, respectively.
Never Investment Advice: Prior Summaries