Weekly Market Review: March 29, 2009

S&P 500 has been flirting with 820 - 830 all week. We made some headwind on Thursday by breaking the 830 resistance, but we came back below the 825 resistance line (Figure 1, left) on Friday. By all accounts, we're still in the middle of testing the downtrend since last October. Let's see what next week brings.

[caption id="attachment_1155" align="aligncenter" width="500" caption="S&P 500"]S&P 500[/caption]

[caption id="attachment_1156" align="aligncenter" width="500" caption="S&P 500"]S&P 500[/caption]

GICS SECTORS REVIEW

Below are the 6-month, 1-month, and 1-week graphic comparison of the performance of GICS10: energy (XLE), GICS15: materials (XLB), GICS20: industrials (XLI), GICS25: consumer discretionary (XLY), GICS30: consumer staples (XLP), GICS35: healthcare (XLV), GICS40: financial (XLF), GICS45: technology (XLK), GICS:50 telecommunication (IYZ), and GICS55: utilities (XLU).

[caption id="attachment_1151" align="aligncenter" width="500" caption="6 month: XLE XLB XLI XLY XLP XLV XLF XLK IYZ XLU"]6 month:
XLE XLB XLI XLY XLP XLV XLF XLK IYZ XLU[/caption]

[caption id="attachment_1152" align="aligncenter" width="500" caption="1 month: XLE XLB XLI XLY XLP XLV XLF XLK IYZ XLU"]1 month:
XLE XLB XLI XLY XLP XLV XLF XLK IYZ XLU[/caption]

[caption id="attachment_1153" align="aligncenter" width="500" caption="1 week: XLE XLB XLI XLY XLP XLV XLF XLK IYZ XLU"]1 week: XLE
XLB XLI XLY XLP XLV XLF XLK IYZ XLU[/caption]

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