The S&P 500 was higher two days and lower for three days this past week. The advance/decline line was negative for four of the five days and on Thursday had its worst day since February 8th with a finish of -3,508.
Our 10 day advance/decline model has been in cash since the close of September 11th. Despite the length of time for the signal, the S&P 500 is only lower by -2.02 points.
On a sector level, for the week the only sectors that gained ground were Utilities which rose 1.2%, Materials 0.3% and Industrials 0.2%. The laggards were Technology and Services dropping -1.00%.
The larger market capitalization names are driving the sectors to positive returns. Small cap via the Russell 2000 lagged this week dropping -3.80% versus the S&P 500 return of -0.97%.
In terms of asset class returns for the week, the iShares Barclays 20 Year Treasury Bond ETF (TLT) lost -3.61%. Meanwhile, the United States Oil Fund (ETF) gained 1.10%. Gold via SPDR Gold Shares ETF (GLD) gained 0.94% but did not close above the closing high of the week on $113.87 on Tuesday.
We have two open positions in Gold & Energy Options Trader and no positions in Options Index Trader. A new position was added to the Superstock Investor Morning Matters Portfolio.
The U.S. Dollar via the Powershares DB Bullish Index ETF (UUP) rose by 0.55% for the past week. Europe via the iShares MSCI EAFE Index Fund ETF (EFA) lost -2.28% for the week. Last, Emerging Markets via the iShares MSCI Emerging Index Fund ETF (EEM) fell -4.85% last week.
Among the top stock performers were General Electric (GE) up +16.74%, Barnes & Noble (BKS) up 19.83% and Investment Technology Group (ITG) up 28.99%.
Top losers for the week were Century Aluminum (CENX) down -16.71%, Actuity Brands (AYI) lower by -16.67% and Super Micro Computer (SMCI) -39.86%.