Weekly Market Review 201205

This is a discussion on Weekly Market Review 201205 within the Technical Analysis forums, part of the Methods category; Small cap outperformed larger cap stocks for the fifth consecutive week; the Russell 2000 added the most gains among major ...

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Old Feb 5, 2012, 9:12pm   #1
Joined Jun 2011
Weekly Market Review 201205

Small cap outperformed larger cap stocks for the fifth consecutive week; the Russell 2000 added the most gains among major asset classes in January, while bonds and commodities finished almost flat for the month. Economic data lifted optimism on economic recovery last week, where nonfarm payrolls surprisingly added more positions (243k vs. 121k est.) to the market in January. The unemployment rate (8.3% vs. 8.5% est.) continued to decline after the holiday season. The short-end of the treasury yield curve took off led by superior data, while the long-term maturities remained almost unchanged. Market focus is likely to point to the Euro zone: the ECB announcement will be the key market mover next week.

Technical Highlights:
• Russell 2000 outperformed all other major benchmarks in January; Bond traded lower after optimistic data.
• Nearly 90% of the NYSE stocks are now trading above their 50day moving average; the NASDAQ composite reached a new high since 2000.
• The pullback may have happened based on the RSMC reading, new uptrend formed?
• Financial, technology and industrial outperformed the S&P; offensive stocks up a little along with the market rally.
• The upside momentum is still here based on historical returns; most sectors show positive performance bias forward looking.
• The short-end treasury curve rallied after nonfarm payroll, the long-term maturities remain relatively stable.

read more at...
Alpbeta: Plus
or
http://plus.alpbeta.com/report/201205.pdf


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