A day of churn and digestion yesterday that saw the Fixed Income index alone in the green by a scant 0.04%. Commodities were the weakest asset class index falling 1.19%, undoubtedly influenced by the mysterious afternoon oil price drop. Financials were the weakest sector and Asia-Pacific the weakest geographic index. Some notable Quant movers were the iShares MSCI EAFE and Spain Index Funds (EFA and EWP) rising onto the top ten list at 9 and 10 respectively. The oil price drop and its effect on the energy sector pushed the Vanguard Energy Sector ETF (VDE) off the top ten list to position 33. A new entry on the ETFG 100 list is the Market Vectors RVE Hard Assets Producers ETF (HAP) rising 112 places on higher technical scores to rank in 45th place. Also rising strongly onto that list is the Market Vectors Rare Earth/Strategic Metals ETF (REMX) rising 174 places into position 76 driven by heavy put buying which scores positively on this contrarian cross ranking. Both new members on that list suggest the equity market continues to position for QE3.