Weekly Market Review 201210

This is a discussion on Weekly Market Review 201210 within the Technical Analysis forums, part of the Methods category; Stocks edged higher after Tuesday's sharp decline, the S&P500 closed slightly higher for the week while the Russell 2000 bounded ...

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Old Mar 12, 2012, 12:08am   #1
Joined Jun 2011
Post Weekly Market Review 201210

Stocks edged higher after Tuesday's sharp decline, the S&P500 closed slightly higher for the week while the Russell 2000 bounded strongly. Employment data buoy optimistic economic trend, whereas nonfarm payrolls came in strong with 227k jobs created (vs. 213k est.) in February, meantime January's revision marked the highest record since May 2010 from 243k to 284k. Bonds faced pressure on outstanding economic data, the entire yield curve lifted upward and the short-term rates rallied the most last week; the 2-year treasury yield rose significantly higher after breaking above its 200day moving average. Next week, investors are focusing on retail sales, CPI and the FOMC announcement as high oil price becomes the next concern to slow economic growth.

Technical Highlights:
• Small cap stocks led market rebound; bonds turned lower as yield curve lifted by optimistic economic data.
• Stocks' internal showed healthy sign as the percentage of stock above its 50days moving average rallied strong followed by the shape decline.
• Defensive stocks strengthened as stock market suffered from 200pts decline on the Dow; the market neutral group continued to underperform second week in the roll.
• Historical returns continued to show upside bias forward looking; volatility remained the key for trading.
• 2yr treasury yield rose significantly after breaking above its 200day moving average; the negative correction suggested that the long-term rates will strengthen lead by the short-term rates.

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