Up market day – RSI takes a hit & picks more regional bank ETFs December 22, 2010
Posted by Marlowe Cassetti in IAT, RKH.trackback
Gold miners and cotton funds took a hit today dragging the RSI portfolio down. This certainly exemplifies the counter correlation of the RSI portfolio with the overall market. At times this is a good attribute and at other times, like today, it is a negative.
After the close today RSI picked two more regional bank ETFs. They are:
- iShares Dow Jones US Regional Banks (IAT)
- Regional Bank HOLDRs (RKH)
Since they are redundant to yesterday’s pick of KRE, I won’t provide any further analysis on this sector. It is instructive to note that this reinforces RSI’s regional bank sector recommendation.
Catch you later.
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