The S&P 500 Cap-Weighted Index hit a new 52-week high this week before correcting back to the 20-day moving average. While it did bounce off the technical level on Friday, look for the index to test support at the 1390 level and then at the 50-day MA in anticipation for Bernanke’s Jackson Hole speech this coming week. The index is up 10.92% for the year.

The S&P 500 Equal-Weighted index ((RSP)) is set up so that every stock in the index has the same weight, thereby eliminating market-weighting’s growth bias. As a result, the index tilts more towards mid-cap and value stocks, which accounts for much of the outperformance versus the cap-weighted index in the last ten years. The index has returned 7.95% YTD.

One of the themes for the year has been high quality, blue chip stocks outperforming growth-oriented, small cap stocks. That thesis applies to the performance of the S&P Mid Cap 400 Index ((IJH)) as well. The index has returned 7.86% vs the 11% gain for the S&P 500.

The Russell 2000 Small Cap Index ((IWM)) has returned 7.09% YTD.

With the Greek disaster on the back burner, Spain on the forefront, and a weakening German economy up on deck, it’s no surprise that the MSCI EAFE Index ((EFA)) lags far behind the world in performance. Technically, The EAFE is looking a little better, as the 50-day MA is about to cross over the 200-day in what is known as the Golden Cross. The index also finds itself above both moving averages, so it looks like things may be steadying themselves. The index is up just 3.36% for the year.

The MSCI EAFE Small Cap ((SCZ)) has performed slightly better, with a YTD return of 4.43%.