A MIXED END TO A GOOD WEEK – RSI HAS MORE PICKS

Today in the market, Friday July 18, 2008:  After spending most of the day underwater the stock market closed mixed (S&P +0.03 Nasdaq -1.28).  Overall the week was quite strong as crude oil prices abated and the financial sector regained some ground.  I certainly hope this is the end to the slide we have seen these past several weeks.

RSI’s Themes:  RSI’s fund picks represent foreign debt, materials and Mexico.  The stock picks are in the healthcare and industrial goods sectors.  I cannot make any sense of a theme form all this.  Got an idea?

ETF/CEF Low Volatility:

• ESD – Western Asset Emerging Markets Debt Fund Inc.
• XLB – Materials Select Sector SPDR

ETF/CEF Medium Volatility:

• EWW – Mexico iShares

These three funds haven’t burned up the charts but they still may do better going forward.

 

Stocks Medium Volatility:

• COV – Covidien Ltd.
• VMI – Valmont Industries, Inc.

As you can see from the chart, Valmont was up huge today +16%….don’t chase after it.  FYI -  it was first picked by RSI on our Dec. 20th and then again in February, April and May of this year.

ETF/CEF Catch a Falling Knife (CFK):

AGD    Alpine Global Dynamic Dividend Fund
DLS    Wisdom Tree International Small Cap Dividend Fund
DOO    Wisdom Tree International Dividend Top 100 Fund
DTH    Wisdom Tree DIEFA High Yielding Equity Fund
DWM    Wisdom Tree DIEFA Fund
EFA    EAFE Index iShares
EFV    iShares MSCI Value
EVV    Eaton Vance Limited Duration Income Fund
EWG    Germany iShares
EWH    HongKong iShares
EWI    Italy iShares
EWK    Belgium iShares
EWL    Switzerland iShares
EWQ    France iShares
EWU    United Kingdom iShares
ICF    Realty Major iShares
IEV    Europe 350 iShares
IWD    Russell 1000 Value iShares
IWM    Russell 2000 iShares
IWW    Russell 3000 Value iShares
JKF    iShares Morningstar Large Value Index Fund
KIE    SPDR KBW Insurance Index ETF
PBW    Powershares Wilderhill Clean Energy Portfolio
PPA    PowerShares Aerospace and Defense Portfolio
RWX    SPDR DJ Wilshire Intl Real Estate Index ETF
VBR    Vanguard Small Cap Value VIPERs
XLY    Consumer Discretionary Select Sector SPDR

This gaggle again represents all the fallen sectors that RSI believes will recover from their decline.  Remember, CFK funds are not recommended.

I’ll blog you next Monday PM….have a great weekend.