Today we have three etfs for your amusement and edification. The stock market has been really thin on volume. We expect that as managers go on vacation and leave their evil minions (underlings) to play with their egos, algos and their little computers. However, price over volume and price action has been good. We take whatever we can get and run.
EWM: EWM broke the symmetric triangle on 12/22/2010. Volume is light. iShares MSCI Malaysia Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Malaysian market, as measured by the MSCI Malaysia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund invests in the sectors, such as financial, communications, industrial, utilities, energy, basic materials, consumer non-cyclical and consumer cyclical. The Fund’s investment advisor is BlackRock Fund Advisors.
EWM Stock Market Chart for 12-27-2010
QTEC: First Trust NASDAQ-100-Technology Index Fund (the Fund), formerly First Trust NASDAQ-100-Technology Sector Index Fund, seeks investment results that correspond generally to the price and yield of an equity index called the NASDAQ-100 Technology Sector Index (the Index). The Index is an equal-weighted index based on the securities of the NASDAQ-100 Index that are classified as technology according to the Industry Classification Benchmark classification system. The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial companies listed on NASDAQ based on market capitalization. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund’s investment advisor is First Trust Advisors L.P.
QTEC Stock Market Chart for 12-27-2010
VPL: Vanguard Pacific ETF (the Fund) seeks to track the performance of the MSCI Pacific Index (the Index). The Index is designed to measure the performance of equity markets in the Pacific region. The Index includes exposure to markets in Japan, Australia, Hong Kong, New Zealand and Singapore. Using full replication, the portfolio holds all stocks in the Index in approximately the same capitalization weighting as the Index. The Fund employs an indexing approach to provide exposure to the Pacific region’s equity markets. The Fund remains fully invested. The Fund’s investment advisor is Vanguard Quantitative Equity Group. VPL has an open gap to the upside and it is at the bottom of its ascending channel. Nice risk/reward trade.
VPL Stock Market Chart for 12-27-2010
Disclosure: We do not own any of these securities.
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I am a dad, professional engineer, MBA student, and a financial fanatic. I can help you make money in the stock market. I use Fibonacci techniques for retracements and targets, technical analysis, some little fundamental analysis, and automated systems trading. I also trade options. In addition, I use CANSLIM to get neat growth stock ideas. No fluff and no BS.
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