Posted on Monday, March 5th, 2012 | In Exchange Traded Funds
As always, even with major indexes stalled at major resistance levels, sectors and sub-sectors in the ETF world offer up an interesting array of winners and losers.
Winners today were focused in commodities while losers clustered in commodities, as well, an odd convergence.
Most tellingly, inverse ETFs have started popping up in the leader’s column, today in emerging markets and Nasdaq 100.
iPath DJ AIG Cotton TR Sub Index ETN (NYSEARCA:BAL) +6.8%
Market Vectors Vietnam ETF (NYSEARCA:VNM) +3.3%
ProShares Short MSCI Emerging Markets (NYSEARCA:EUM) +1.7%
Guggenheim Global Solar Energy (NYSEARCA:TAN) -3.7%
Market Vectors Junior Gold Miners ETF (NYSEARCA:GDX) -2.1%
iPath DJ AIG Tin TR Sub-Idx ETN (NYSEARCA:JJT) -3.9%
Bottom line: ETF winners and losers today display today’s confusion in the markets with common sectors showing up in both columns. Gold is at critical support levels while Viet Nam continues to hum, contrary to the remainder of the emerging world which is developing a noticeable downtrend.
About John Nyaradi (http://www.wallstreetsectorselector.com)
John Nyaradi is Publisher of Wall Street Sector Selector: Your Home For ETF Investing! John writes a weekly guest column, John Nyaradi’s ETF Edge for MarketWatch.com and his investment articles have appeared in many online publications including Trading Markets, Money Show, Yahoo Finance, Investors Insight, Fidelity, ETF Daily News, iStock Analyst , among many others. His book, Super Sectors: How to Outsmart the Market Using Sector Rotation and ETFs, is published by John Wiley and Sons and included among the Years Top Investment Books in the 2011 Stock Trader’s Almanac.