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ETF Market Summary: Week Ending September 7th, 2007

Posted September 8th, 2007 by Michael J Bomma...

Dollar-Weighted Category Summary

    Just a quick note that convertible funds seem to be clipping along between precious metals and commodities and resources.  With tightening credit standards across all financing products, expect many companies to revert to less favorable methods such as convertible financing.  Shorting small caps and going long on convertible funds might be an excellent strategy for financing climates like our current situation.

Category Day Week Month YTD Day $ RSI5 ΔRSI5 SPY R
Retail -2.5% -3.0% -2.5% -1.0% 1042 27.2 -6.8 84.8%
Consumer Goods & Services -1.8% -1.5% -1.7% -.2% 461 39.9 -19.5 88.0%
Transports -2.1% -1.0% -4.5% 2.1% 50 42.3 -5.5 96.7%
Large Cap -1.5% -.5% -.5% .3% 2973 49.4 -16.8 95.5%
Japan -.1% -.5% -2.5% -.5% 245 42.3 -2.5 45.3%
Small Cap -1.7% -.5% -.0% .0% 9267 44.5 -12.4 91.3%
Dividend -1.3% -.5% .3% -.2% 101 43.9 -7.4 91.1%
Real Estate -1.9% -.3% -2.4% -.7% 719 55.3 -10.6 87.3%
Russia -2.5% -.2% -2.0% -9.5% 9 47.7 -14.1 92.4%
Europe -1.2% .1% -1.3% .2% 215 54.1 -7.5 77.0%
Mid Cap -1.6% .6% 1.2% .2% 1640 50.7 -17.5 94.5%
Short 3.2% .7% -1.4% -1.5% 3527 51.6 17.1 -96.5%
Call/Write -1.1% .8% -2.0% -.9% 2 60.5 -6.3 80.3%
Utilities & Infrastructure -.9% .9% -1.6% .4% 260 59.8 -8.1 83.2%
China -2.5% 1.0% 12.4% 4.0% 530 61.6 -12.4 94.4%
Asia -2.7% 1.1% 1.2% 1.2% 29 65.8 -11.9 82.3%
Emerging Markets -2.3% 1.2% 1.8% 1.2% 2250 56.9 -9.4 87.0%
Currency 1.1% 1.4% 1.6% .7% 85 58.6 4.0 12.4%
Energy -2.1% 1.9% 4.2% 1.5% 1458 66.8 -13.3 86.6%
Healthcare & Biotech -.8% 2.7% 2.3% .3% 268 66.1 -18.6 93.4%
Latin & South America -2.4% 2.9% .5% 2.8% 1100 48.7 -15.3 91.7%
Commodities & Resources .1% 3.2% 5.4% 1.6% 295 73.5 -5.4 68.0%
Convertible -1.2% 4.6% 4.4% -.8% 15 73.2 0.6 31.0%
Precious Metals .7% 6.3% 5.1% 1.9% 1228 97.1 8.1 66.6%

 

Top Weekly ETF Advances & Declines

Symbol Name Return
Top Declines    
EGX Engex Inc. -.12
TF Thai Capital Fund -.06
TTF Thai Fund -.06
BZM BlackRock Maryland Municipal Bond Trust -.05
ITB iShares Dow Jones U.S. Home Construction Index Fund -.05
ISL First Israel Fund -.05
JOF Japan Smaller Cap Fund -.04
XHB SPDR Homebuilders ETF -.04
DUG ProShares UltraShort Oil & Gas -.04
TYG Tortoise Energy Infrastructure Corporation -.04
Top Advances  
SLV iShares Silver Trust .06
NCV Nicholas-Applegate Convertible & Income Fund .06
RMA RMK Advantage Income Fund .06
EIF Eaton Vance Insured FL Municipal Bond .07
RHY RMK Multi Sector Hi Incm Fd I .07
CHI Calamos Convertible Opportunities & Income Fund .07
ASA ASA Limited .09
GGN Gabelli Global GoldNat Res&Income .10
GDX Market Vectors TR Gold Miners .12
CAF Morgan Stanley China A Share Fund .13