Most markets were down yesterday seeing all 10 ETFG Sector indices in the red; all but the Latin America Geographic indices falling; and in the Asset Class group, Fixed Income, Multi Asset and Currency were the only gainers. Quant still puts China up top with GXC and FXI in their now familiar 1st and 2nd positions. German Chancellor Angela Merkel travels to Greece today and though the riot police stand ready, Quant seems to like the outreach. The SPDR DJ EURO STOXX 50 Fund (FEZ) moved up 118 places into the top 10 at 8th place. The fund has spent the last few months in the top ranks and had dropped down for a few days on deteriorating Sentiment scores. Heavy put buying has put it back in the upper ranks. Markets might be expecting some nastiness in Greece today because the iShares MSCI Germany Index Fund (EWG) also saw increased put buying driving it back onto the ETFG 100 list at 62nd place, that fund’s improving intermediate term Technical Score also played a role. Looking across Europe, the iShares MSCI Italy Index Fund (EWI) also saw better Sentiment scores (ranked on a contrarian basis) driving it up 101 Quant positions into 84th place. Be cautious with that one though as it has a weak 25.3 composite Technical Score. A Quant loser yesterday was our highlighted steel fund, SLX, dropping 114 positions into 157th place on deteriorating Sentiment scores but its Technical scores all improved as the fund managed a gain on a weak day, we’ll keep watching this one.