The S&P 500 really was strong during the middle of the month. It saw a bit of consolidation towards month end.
The US mid-caps showed more of a pullback at month's end, but still had pronounced gains for February.
The US small-caps had a false start to the month. As with the larger cap stocks in the US, mid month was bullish. About half of the month's gains were given back in the last five trading days of February, however.
The non-US markets also did well, similar to the smaller caps in the US, after a flat start and some decent gains, the last three days sold off.
Emerging Markets saw strength up until the last three days of the month also.
Real Estate had a big bullish move in February. RWO broke above its 200-day moving average and is dragging its 50-day moving average up behind it. This looks like a new bullish trend is developing.
Natural Resource companies led the sell off at the end of the month. The HAP ETF below is sitting right on its 50-day moving average. It must hold this to remain a bullish momentum.
Commodities are still in a downtrend, with USCIs staying below its 50-day moving average after a mid-month test of that level.
Bonds are starting a new bullish trend, it appears. The world bond ETF - AGG - has tested its 50-day moving average twice now, and both times has bounced very bullishly. The 50-day moving average is rounding up.
Non-US bonds also performed well in February. The strength came in the latter part of the month. BNDX broke above its 50-day moving average which is also now moving higher.
US inflation indexed bonds may also be starting an uptrend. The TIP ETF has traded above its 200-day moving average. The 50-day moving average is trending higher and could cross above the 200-day average. This would signify a new bullish trend.
The USD is struggling to trade higher. UUP has witnessed resistance to any further gains above its now flattening 50-day moving average.
