Weekly Market Review 201210# Stock
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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.
read more at...
http://www.alpbeta.com/p/plus.html
or
http://plus.alpbeta.com/report/201210.pdf
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.
read more at...
http://www.alpbeta.com/p/plus.html
or
http://plus.alpbeta.com/report/201210.pdf