Market analysis for week of October 18, 2021. The analysis focuses on major market indexes, ETFs, commodities and forex. Access to full article requires Premium Articles subscription or All in One subscription.
- Weekly summary and recap.
- Analysis of major indexes.
- Popular ETFs.
- Asset ETFs
- Commodity ETFs.
- Factor ETFs
- Spot currency pairs.
- Markets to Watch.
1. Weekly summary and recap
- U.S. stocks were higher on the week after a strong rebound.
- High beta large caps and low volatility large caps gained.
- Bond prices were higher and yields fell.
- The rally in commodities continued for an eight week in a row.
- Gold was little changed. Crude oil moved higher.
- The U.S. dollar index fell on the week.
Recap (October 11, 2021 – October 15, 2021)
Large caps (S&P 500) ended the week with 1.8% gain following a strong rebound. Tech stocks (NASDAQ-100) finished the week up 2.2%. Small caps (Russell 2000) gained 1.5%. The Dow 30 was up 1.6%. High beta large caps rose 2.1% on the week while volatility large caps added 1.5%. Bonds rose and yields fell. The rally in crude oil continued with spot rising 3.6%. Gold was unchanged. The CRB gained 1.6%. The U.S. dollar index ended the week down 0.1%. Year-to-date crude oil is up 70.5% followed by CRB index with 42.6% gain. Gold has year-to-date losses of 6.3% followed by Treasury Bond Total Return at -2.3%. The CRB index and crude oil are in overbought territory.
2. Analysis of major indexes
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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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