Wednesday, January 16, 2013

Cold rain and snow on Wall Street this morning and when that happens energy stocks usually do well as we all turn up our thermostats.  Quant knew we were going to get our weather back from LA eventually and some of those energy funds we’ve recently highlighted are still in the upper ranks.

In first place again today is the SPDR S&P Oil & Gas Exploration & Production Fund (XOP) with pretty good Fundamental and Technical scores in the low 60s but a better Sentiment Score of 78.1 suggesting some big money thinks the temperature will rise and this fund will fall.  In today’s 4th place position is the Powershares Dynamic Energy Fund (PXI) continuing its streak of top 10 ranks every day of 2013.  We are looking closely at how our model works with these dynamic funds compared to traditional passive ETFs and this one has passed the test so far by outperforming the S&P 500 since achieving its top 10 rank on January 2nd.  Powershares has another dynamic fund scoring well and it too is devoted to the energy sector.  Like today’s #1 fund, their Dynamic Energy E&P ETF (PXE) is devoted to the E&P sector that is keeping so busy fracking for America’s newfound energy bonanza.  Its 11th place rank today is its best since early August when it reached #1.  It too passed our test by outperforming handsomely from that point.  These two dynamic funds get better Fundamental and Technical Scores and lower Sentiment Scores as the smart money doesn’t want to go against a quantitative model that’s working.

Our users know how well our quantitative models are working and if you are new to ETFG check out our performance pages.  Quant still favors US large cap and basic materials issues that are riding the wave of liquidity flowing out of Congress and the Fed.  We’re here to help you get some of that cash too, so check in daily for our latest rankings and you won’t be disappointed. 

If you are in the Northeast this morning, be careful coming down those stairs.  We would be happy to take a loss on these funds if LA would trade back their weather for ours.  In the meantime we thank you for using ETF Global as we dream of going where those chilly winds don’t blow.

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