Today in the market, Wednesday March 5, 2008: A roller coaster ride left the markets in positive territory at the close. World markets were mixed today. Are prospects for the market looking up? Maybe….
RSI’s Themes: RSI’s only pick for an ETF was in basic materials. Probably a good defensive move. In a highly unusual move, RSI picked a whole bunch of stocks in many diverse sectors. Maybe you can help sort out any coherent theme. Is there a theme?
ETF/CEF Medium Volatility:
- IYM – Basic Matls iShares
Stocks Medium Volatility:
- AKS – AKSteel Holding Corp.
- APH – Amphenol Corp.
- BAP – Credicorp Ltd.
- BRP – Brasil Telecom Participac
- BRS – Bristow Group Inc.
- CVD – Covance, Inc.
- GEF-Greif Bros. Corp.
- HEW – Hewitt Associates, Inc.
- MO – Altria Group Inc.
- PSMT – PriceSmart, Inc.
- PX – Praxair, Inc.
- ROS – Rostelecom
- SI – Siemens AG
- SRCL – Stericycle, Inc.
Stocks High Volatility:
- ARD – Arena Resources, Inc.
- CMG – Chipotle Mexican Grill Inc.
- DE – Deere & Co.
- FSLR – First Solar Inc.
- GEOY – GeoEye Inc.
- GME – Gamestop Corp.
- PCLN – priceline.com Inc.
- TNH – Terra Nitrogen Co. L P
There are many new stocks on the stock list:
Amphenol Corporation designs, manufactures, and markets electrical, electronic, and fiber optic connectors, interconnect systems, and coaxial and flat-ribbon cables worldwide.
Greif, Inc. engages in the manufacture and sale of industrial packaging products, and containerboard and corrugated products worldwide.
Altria Group, Inc., through its subsidiaries, engages in the manufactures and sale of cigarettes and other tobacco products in the United States and internationally.
Praxair, Inc. engages in the production, sale, and distribution of industrial gases worldwide.
OAO Rostelecom, together with its subsidiaries, provides domestic and international long-distance telecommunications services to the government, businesses, and individuals in Russia.
Siemens AG operates as an electronics and electrical engineering company worldwide.
Deere & Company engages in the manufacture and distribution of products and services for agriculture and forestry worldwide.
priceline.com Incorporated operates as an online travel company in the United States and Europe.
I won’t attempt to chart this list, just too many. If you have an interest Yahoo.com, StockCharts.com and many other sites provide stock charts for free.
Catch a Falling Knife:
- PBW – Powershares Wilderhill Clean Energy Portfolio
- XRO – Claymore/ZAcks Sector Rotation
These two came off the RSI screen and are interesting plays. I plotted the three ETF picks on the chart below. The clean energy ETF made a hugh run this past year before selling off. I believe it will return this year.
