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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