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Market Analysis For Week of March 29, 2021 [Premium Articles]

Market analysis for week of March 29, 2021, covering major market indexes, ETFs and spot currencies. Access to full article requires Premium Articles subscription.

In observance of Good Friday, U.S. stock exchanges will be closed on Friday, April 2, 2021.

Report contents

  1. Weekly summary and recap.
  2. Analysis of major indexes.
  3. Popular ETFs.
  4. Sector, Factor and Asset ETFs
  5. Commodity ETFs.
  6. Spot currency pairs.
  7. Chart of the week

1. Weekly summary and recap

  • U.S. stocks were higher on the week.
  • High beta large caps fell in volatile week.
  • Bond yields were down and prices rose.
  • Commodities were lower.
  • Crude oil correction continued.
  • The U.S. dollar ended the week higher.

Recap (March 22, 2021 – March 26, 2021)

Large caps gained on the week with S&P 500 rising 1.6% to new all-time highs. High beta large caps ended the week down 0.3% after falling as much as 6.4% on Tuesday. The recovery in high beta large caps from the lows was rare event. Since 1990, the high beta large cap index has made a similar recovery only on six other occasions and the last four were near the bottoms of 2009 (twice), 2011 and 2016.

Low volatility large caps rallied 3.6%. Dow 30 added 1.4%. NASDAQ-100 rose 0.9%. Bond prices were higher after a rebound from oversold territory. Precious metals were weak with the U.S. dollar index up nearly 1%. Commodities fell for a second week in a row but ended the week off their lows.

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Specific disclaimer: This report includes charts that may reference price target levels determined by technical and/or quantitative analysis. No updates to charts will be provided if market condition changes occur that affect the levels on the charts and/or any analysis based on them. All charts in this report are for informational purposes only. See the disclaimer for more information.

Disclaimer:  No part of the analysis in this blog constitutes a trade recommendation. The past performance of any trading system or methodology is not necessarily indicative of future results. Read the full disclaimer here.

Charting and backtesting program: Amibroker

Data provider: Norgate Data

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