Monday, September 24, 2012

September 24:
Not much to see from Friday’s trading.  Most markets were little changed, as was Quant.  The downward bias spared the ETF Global Fixed Income and Commodities Indices, the only asset classes to manage a slight gain.  Geographically, Europe was the only to stay green as markets expected Spain to ask for a bailout.  It’s the strongest ETF Global Geographic Index year to date as Quant predicted when we turned the key earlier this year, your humble correspondent can’t figure it out but Quant did.  The ETF Global Telecomm Services Index was the strongest Sector Index on Friday, playing catch up to the Consumer Discretionary Index which is leading its pack year to date.  Within the equity funds that Quant ranks, a notable mover Friday was the iShares MSCI France Index Fund (EWQ) jumping 24 positions into the top 10 at 7th place.  Technology funds are showing up in the upper ranks a little more, an example is the SPDR Technology Select Sector Fund (XLK) lucky enough to gain 38 positions into 13th place.  The biggest mover of note after Friday’s trading was the iShares S&P SmallCap 600 Values Index Fund (IJS) moving up 138 places to rank at number 16.  Quant likes its improving short term technicals and heavy put buying. As we wait for the markets’ next move, check out some of our new pages like the full Risk Ratings categories and the Equity Grey Market report outlining any equity’s exposure to the world of Exchange Traded Products, both leveraged and not; just enter an equity ticker in the upper right search box.  Just two more examples of the sophisticated analytics you can only get at ETF Global.

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