Today in the market, Thursday June 19, 2008: The stock market took its cue from the crude market and ended modestly higher. The Nasdaq pushed 1.33% higher although the S&P was only up 0.38%. The news that China was raising their fuel prices caused concern at the crude futures market. If that trend continues , look at the CFK picks today.
RSI’s Themes: RSI continues to strike out in the ETF/CEF arena. It did pick three stocks that it has been recommending in the recent past. The falling knife candidates list has a new interest.. defense and aerospace. It has been beaten down, but is there a light at the end of the tunnel?
Stocks Medium Volatility:
- HEW – Hewitt Associates, Inc.
- MATW – Matthews Intl Corp.
Stocks High Volatility:
- NFLX – Netflix, Inc.
Catch a Falling Knife:
- DUG – UltraShort Oil & Gas ProShares
- ITA – iShares Dow Jones U.S. Aerospace & Defense
Okay is crude oil falls and the defense budget goes up under the next administration, these are the ETFs to buy….that is if you like a good crap-shoot.
