The S&P 500 was higher three days and lower for two days this past week. Thursday we finally got a day where the advance/decline line closed above +2000. It had been 15 days since the advance/decline line closed with a gain of more than +2000.
On a sector level, for the week the only sector that lost ground was Utilities which dropped -1.1%. The leader was Materials rising 2.7% with Financials a close second at 2.6% and Industrials third at 1.7%.
The larger market capitalization names are driving the sectors to positive returns. Small cap via the Russell 2000 lagged this week dropping -0.55% versus the S&P 500 return of 0.85%.
In terms of asset class returns for the week, the iShares Barclays 20 Year Treasury Bond ETF (TLT) lost -1.22%. Meanwhile, the United States Oil Fund (ETF) gained 3.17%. Gold via SPDR Gold Shares ETF (GLD) gained 0.42% despite drop on Friday of -0.67%.
Our Options Index Trader took advantage of Monday's weakness to buy some IWM Calls and ride it to a gain on Tuesday of 10.80% before closing out the trade. For the year, that newsletter is higher by 173.55% with only one losing trade. Currently, open for subscriptions make sure to check it out if you trade SPY, IWM, QQQ or TLT options.
The U.S. Dollar via the Powershares DB Bullish Index ETF (UUP)fell -0.75% for a two week loss of -1.15%. Europe via the iShares MSCI EAFE Index Fund ETF (EFA) gained 2.80% for the week after popping 2.03% last week. Last, Emerging Markets via the iShares MSCI Emerging Index Fund ETF (EEM) gained 3.03% after moving 0.99% last week.