MARKET MOVES HIGHER – RSI HAS MANY PICKS

Today in the market, Thursday, June 04, 2009:  The market was positive today on energy and financial stocks. Enthusiasm is returning to the market.

 ETF/CEF Medium Volatility:  

• EWM Malaysia iShares

ETF/CEF High Volatility:  

• DBA PowerShares DB Multi-Sector Commodity Trust Agriculture Fund
• EEB Claymore/BNY BRIC ETF
• ERF Enerplus Resources Fund
• EWC Canada iShares
• EWZ Brazil iShares
• EZA South Africa iShares
• GTU Central Gold-Trust
• IEV Europe 350 iShares
• IGE Natural Resources iShares S&P GSSI Index Fund
• IGW Semiconductor iShares S&P/GSTI Index Fund
• IWD Russell 1000 Value iShares
• IWR Russell Mid-Cap iShares
• IWS Russell Mid-Cap Value iShares
• IWW Russell 3000 Value iShares
• IYM Basic Matls iShares
• KOL Market Vectors – Coal ETF 
• SLX Market Vectors Steel
• SSO ProShares Ultra S&P 500 Fund
• VO Vanguard Mid Cap VIPERs
• VOE Vanguard Mid Cap Value ETF
• VTV Vanguard Value VIPERs
• XLI Industrials Select Sector SPDR
• XME SPDR S&P Metals & Mining Index

ETF/CEF Discussion:    Well this is quite a data dump by RSI. The theme is certainly energy, natural resources and the foreign countries that produce energy and natural resources. There is a lot to look at here, just remember that the majority of these picks have had strong price movements since the start of this current rally. Therefore they are at the top of their price range and taking a position in any of them is making a bet that this rally has further to go. We shall see.