The weekends on another light volume rally. Perhaps bulls were trying to find a promise of more QE in the future. This is hard to know given the dueling rhetoric from Fed governors who are campaigning for their policies.
Housing data this week wasn't encouraging especially when it's one of the major problems with employment and debt closely behind.
More economic indicators are due next week featuring: (Monday) Pending Home Sales; (Tuesday) Dallas Fed MFG data, Case Shiller Home Price data, Consumer Confidence; (Wednesday) Durable Goods; (Thursday) GDP, Jobless Claims and Corporate Profits; (Friday) Personal Income & Outlays, Chicago PMI and Consumer Sentiment.
Let's see what happens.Disclaimer: The ETF Digest maintains active ETF trading portfolio and a wide selection of ETFs away from portfolios in an independent listing. Current positions if any are embedded within charts: Lazy & Hedged Lazy Portfolios maintain the follow positions: VT, MGV, BND, BSV, VGT, VWO, VNO, IAU, DJCI, DJP, VMBS, VIG, ILF, EWA, IEV, EWC, EWJ, EWG, & EWU. The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com .