Today in the market, Wednesday June 25, 2008: The Fed held key interest rates the same and the market reacted favorably. The major market indices ware all up nicely to reverse some of the recent losses. Not much to comment on….we will take any gain, thank you.
RSI’s Themes: At last some ETF picks today and they were all in the foreign currency arena. I guess RSI is telling us that the dollar will continue to fall. The stock picks are a mixed bag. The falling knife list is quite large and I believe RSI is telling us that a turnaround in forthcoming. That theme is dividends and healthcare/pharma. We shall see.
ETF/CEF Low Volatility:
- FXA – Currency Shares Australian Dollar Trust
- FXE – Currency Shares Euro Trust
These two have done well this year and look to be heading higher.
Stocks Medium Volatility:
- CHD – Church & Dwight Co, Inc.
- MATW – Matthews Intl Corp.
- URBN – Urban Outfitters, Inc.
Catch a Falling Knife:
- DOO – Wisdom Tree International Dividend Top 100 Fund
- DWM – Wisdom Tree DIEFA Fund
- HHH – Internet Holders
- PID – PowerShares International Dividend Acheivers Portfolio
- PPH – Pharm Holders
- VIG – Vanguard Dividend Appreciation VIPERS
- XLV – Health Care Select Sector SPDR
And the chart tells it all. Fallen angles indeed, but someday they will emerge to become market leaders. Just wait and see….
