"G20 summit", "TLT, CLWR, MA, QCOM, TWX, WLT, GPRO"
Technicals show that S&P 500 penetrated below 200 dma and is testing the support at 1200 and at 50 dma. If you used 200 simple dma, then the index barely crossed above it. Other indexes are also testing the 200 dma or 50 dma. Treasuries surged higher this Monday after MF Global bankruptcy announcement.
Uncertainties coming out of Europe are plaguing most global markets and commodities; resulting in strength in US dollar. Unless the G20 summit calms the markets, EUR/USD exchange will pretty much determine the strength of equity and bond markets for foreseeable future.
Last week's (week over week) market Sectors Returns and Internals:
- SP 500: 3.78%
- Volatility Index % change, VIX = -21.68%
- Short term bond rate (average of 3 year and 5 year) = 0.815%
- 10 year Treasury yield = 2.34%
- Small Cap (IWM): 6.89%
- Latin America (ILF): 10.77%
- Europe (IEV): 5.93%
- Emerging Markets (EEM): 9.11%
- Commodities (DBC): 3.57%
- Long term Bonds (TLT): -1.48%
- US Dollar Index, 8 DMA: 75.94
- Gold, (GLD) change: 6.33%
- Put/Call Ratio, total of equity/Index = 1
- Bull/Bear Ratio, Investors Intelligence survey =
- NYSE (New Highs - New lows), 8 DMA = 74.59
Next Week's economic calendar:
- Case Schiller Index - 10/25
- Durable Orders - 10/26
