Certainly a strange and nervous US market today. On the open, news from the FED sent the market sharply up, only to fall off and into negative territory. A mild recovery sent it into modest gains at the close. RSI didn’t mind the intra-market gyrations and picked a bunch of candidates. So here they are:
ETF/CEF:
- DIM – Wisdom Tree Intl Mid Cap Dividend Fund
- EWN – Netherlands iShares
- EWS – Singapore iShares
- EWU – United Kingdom iShares
- HHH – Internet Holders
- IEV – Europe 350 iShares
- IGE – Natural Resources iShares S&P/GSCI Index Fund
- IXC – iShares S&P Global Energy Sector Index Fund
- MXI – iShares S&P Global Materials Sector Index Fund
- VGK – Vanguard European VIPERs
- VGT – Vanguard Information Technology VIPERs
This is a list much larger than most days. RSI is always seeking stocks in breakout so the above list meet that criteria. All these funds are ETFs and all but IXC, MXI, and VGT have been picked by RSI in prior blogs. The vast majority are global/foreign funds and have a heavy flavor of materials, resources and technology. Lots of good suggestions here.
ETF/CEF Falling Knife:
- DES – Wisdom Tree Small Cap Dividend Fund
- PHK – PIMCO High Income Fund
I was anticipating more on this list considering the market gyrations. But sometimes RSI does fool me. Not surprisingly, these are in the out-of-favor sectors. They will someday emerge from their fall and again have their day in the sun. If you are a bottom fisher, you might want to monitor these two.
STOCKS:
- AMSC – American Superconductor Corp.
- CALM – Cal-Maine Foods, Inc.
- CEDC – Central European Distribution Corp.
- CMED – China Medical Technologies Inc.
- CRNT – Ceragon Networks Ltd.
- EXM – Excel Maritime Carriers, Ltd.
- FLR – Fluor Corp.
- HPQ – Hewlett-Packard Co.
- GTLS – Chart Industries Inc.
- HURN – Huron Consulting Group Inc.
- PCU – Southern Peru Copper Corp.
- PDA – Perdigao S.A.
- PRXL – PAREXEL Intl Corp.
RSI stock picker did the ETF crowd two better and chose 13 vs. 11. And look how many foreign stock populate the list. PDAQ is another Brazilian stock, PCU Peru, CEDC Europe, SMED China, and EXM Greece…almost half the list. And then we have a couple of US biggies Hewlett-Packard and Fluor. You cannot get any more blue chip than those two and maybe at a bargain too.
Virtually all the stocks and ETFs mentioned in today’s blog had a strong up move following the sharp down day yesterday. So if you decide to buy one, don’t let the strong price scare you. Just remember that today’s up move is making up for yesterday’s down move.
I try to post this blog after my data feed coughs up EOD data and I can then turn the crank. This is probably the earliest time (about 5:00PM Mountain Time) I can publish this blog. Often it takes me until 7-8:00PM. However, tomorrow we will be attending a dinner/Christmas event in the nearby city of Pueblo, CO and it will be around 11:00PM by the time I run my analysis and publish the blog, depending on my wine consumption.
