Weekly Market Review 201213

This is a discussion on Weekly Market Review 201213 within the Technical Analysis forums, part of the Methods category; Weaker economic releases didn't cool down the steam of the bull; stocks bounced quickly after three days sharp declines in ...

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Old Apr 2, 2012, 4:36am   #1
Joined Jun 2011
Post Weekly Market Review 201213

Weaker economic releases didn't cool down the steam of the bull; stocks bounced quickly after three days sharp declines in the middle of the week. Equities had been ridiculously strong so far this year, although the U.S. economic condition is still questionable as the nonfarm continued to growth, the S&P500 finished with the best first quarter gain since 1998. On the other hand, the fixed income market took a small hit this quarter as the Treasury yields rose across the curve, the 10-year is now trading 20 basis points higher than what it stood early this year as well as the historical low. The question now becomes whether or not the economic recovery is real and how long will the low jobless claims least. The monthly employment data will be the key market mover next week as investors want to know whether it is time to buy bonds again.

Technical Highlights:
• Stocks outpaced bonds as treasury yield suffered from its downtrend; Equity finished its best first quarter since 1998.
• The negative divergence between stocks and indices continued to be concerned as stocks are not performing well enough to support the indices rally.
• Defensive stocks led the stock market higher as healthcare, discretionary and utility outperformed all other sectors.
• History performances showed market strength as we are entering into the "Buy in April, Sell in May" season.
• Treasury weakened on the long end of the curve; Bullish crossover appeared on the 2-yr as its 50day SMA is now trading above its 200day SMA.

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http://plus.alpbeta.com/report/201213.pdf
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