In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 4/28/2013.
The prior week’s damage was almost made up during the past five trading days as the indexes found upward momentum again with the S&P 500 adding some 1.7%.
The hunt to break the S&P’s 1,600 milestone marker is still on, and it remains to be seen if that level still can be broken during the month of April even though there are only two trading days left. Once we slip into May, the prevailing attitude for many investors could be “sell in May and go away.”
Personally, I prefer to stay away from such guesswork since you can never be sure if the widely anticipated downward move will materialize. As I have posted ad nauseum, I will stay with the trend and let the trailing sell stops be my guide as to when to exit.
Over past week, we covered the following: