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Weekly ETF Rewind: QE2 Prospects a Virtual Put Under the Market?
by: ETF Prophet September 27, 2010 | about: DBA / DBC / DBE / DBP / DIA / EEM / EFA / IWM / IYR / IYT / PWB / PWJ / PWP / PWT / PWV / PWY / QQQQ / SPY / TLT / UUP / XLB / XLE / XLF / XLI / XLK / XLP / XLU / XLV / XLY


http://seekingalpha.com/article/227132-weekly-etf-rewind-qe2-prospects-a-virtual-put-under-the-market?source=hp_latest_articles



In spite of a several day pullback surrounding a slow growth Federal Open Market Committee forecast, the board finished widely green for the week, with the S&P 500 (SPY) higher once again by +2.1%, making that four straight up weeks in a row. In fact, only the US Dollar (UUP) finished lower among the tracked securities on the prospects of further monetary easing, down -2.7%.

All in all, it was a curious performance with the contrast of the Fed’s growth concerns set against a stock market that has been characterized by an increasingly improved technical state — has the prospect of further easing placed a virtual put under the market going into the last quarter? Third-Quarter earnings are only two weeks away — we will see soon enough.

Meanwhile, week Thirty-Nine of 2010 kicks off a new month and a new quarter with a very busy economic reporting calendar, as follows:

* U.S. Economic Calendar
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U.S. Earnings Calendar
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Historical Market Analogues
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ETF Rotation Models [Custom]