With this abbreviated trading day on light volume, I don’t know how significant today’s market action is in the grand scheme of things. However RSI is based on trends and as we all know one day doesn’t a trend make. Okay, with that said, let’s look at RSI’s selections for today:
ETF/CEF:
- ADRE – BLDRS Emerging Markets 50 ADR Index Fund
- CHN – China Fund, Inc.
- EEB – Claymore/BNY BRIC ETF
- IEZ – iShares Dow Jones U.S. Oil Equipment & Services
- KF – Korea Fund, Inc.
- MSF – Mgn Stnly Dean Wtr Emg Mk
- PGJ – PowerShares Golden Dragon Halter USX China Portfolio
- PID – PowerShares International Dividend Acheivers Portfolio
This entire list, except for IEZ, is comprised of foreign, especially Asian and emerging market, funds. These market have had a good run this year, but most were hurt by the recent correction. All, except for PID, have 40%+ gains this year despite some setbacks. RSI is predicting that these good gains will continue for the next six months. Several of these picks are Closed End Funds (CEF) which have an added component of premium/discount. So again do your homework before committing your money.
STOCKS:
- ACH – Aluminum Corp. of China
- ATLS – Atlas America Inc.
- BWA – BorgWarner, Inc.
- CNH – CNH Global
- FLR – Fluor Corp.
- GIL – Gildan Activewear, Inc.
- ICA – Empresas Ica Soc Control
- SJR – Shaw Communications, Inc.
These stock picks continues to mirror the international/emerging market flavor discussed above. ICA is a Mexico based, GIL is Montreal based and CNH is a Netherlands based. The US based companies, in the main, have strong international business. Quite a collection.
Like the ETF/CEF candidates these stocks have had an outstanding year. Can you believe ACH- Aluminum Corp. of China (Chalco)? Will their performance continue? RSI certainly likes all of them and based on its criteria these stocks should do well over the next six-month period and beyond.
This abbreviated market session has enabled me to complete this blog earlier than usual, so I can enjoy Christmas Eve with my wife. Tomorrow friends will arrive for dinner. I wish all a very Merry Christmas. I will skip tomorrow and blog next on Wednesday.
August 10, 2008 at 5:19 pm |
I have a pretty good list of articles on ETF Funds that might be helpful to you. Your focus on Asia ETF is great. I am very interested in Asia as I have traveled to Thailand and Vietnam and saw good growth potential for both countries.
Check out my site if you would like to read more about International ETF Funds.
http://financialplanneralliance.com
Thanks!