Listed below are notes from the author's weekly
analysis.
The Sector Trends blog does not make forecasts and
does not cheerlead with its commentary. The perspective offered is on current
trends in the market, which sectors and groups are rotating, and which stocks
from these groups are likely to perform best in a neutral/positive environment.
Readers need to provide their own assessment of market health, employ their own
risk management strategies, and trade accordingly. In a declining market nearly
all equities will suffer, including those found listed here.
All data and charts displayed here are the property
of MarketSmith,
and are published here with their permission.
Market Overview:
The table below shows price performance for key
markets and sectors over the trailing 26 weeks, and is sorted high to low by 5
week performance. The green and red shading denotes relative performance
+/- to the SP 500 for the time period in question.
|
Index
|
1 Week Gain
|
2 Week Gain
|
3 Week Gain
|
5 Week Gain
|
13 Week Gain
|
26 Week Gain
|
|
Pboe Oil Service Index
|
3.4%
|
3.5%
|
6.0%
|
6.3%
|
6.0%
|
22.1%
|
|
Russell 2000
|
2.8%
|
3.4%
|
3.8%
|
5.8%
|
6.1%
|
22.2%
|
|
Nasdaq Composite
|
3.2%
|
2.8%
|
3.5%
|
5.2%
|
9.1%
|
22.1%
|
|
Dow Jones Transportation Index
|
2.7%
|
3.3%
|
3.5%
|
4.7%
|
3.7%
|
13.2%
|
|
Philadelphia Utility Index
|
0.7%
|
3.4%
|
2.7%
|
3.9%
|
-3.1%
|
-6.8%
|
|
Philadelphia Semiconductor Index
|
1.8%
|
1.8%
|
3.2%
|
3.7%
|
4.2%
|
21.5%
|
|
S&P 500
|
2.4%
|
3.2%
|
3.1%
|
3.3%
|
3.1%
|
12.2%
|
|
Cboe Technology Index
|
0.5%
|
1.7%
|
1.8%
|
3.1%
|
7.1%
|
16.5%
|
|
KBW Large Cap Bank Index
|
3.1%
|
4.0%
|
5.0%
|
2.9%
|
-0.8%
|
19.5%
|
|
Russell 1000 Energy Index
|
1.6%
|
2.2%
|
2.4%
|
2.6%
|
1.9%
|
13.7%
|
|
Philadelphia Housing Index
|
1.4%
|
1.8%
|
-0.1%
|
1.7%
|
-2.8%
|
0.7%
|
|
DJIA
|
1.1%
|
2.2%
|
0.9%
|
0.2%
|
-0.9%
|
5.9%
|
|
Philadelphia Gold/Silver Index
|
6.2%
|
2.0%
|
-1.7%
|
-3.7%
|
-2.8%
|
-10.4%
|
This blogs last post three weeks ago noted "The circus in
Washington will probably introduce volatility, and could result in lower prices
early in the week. But investor response to date has been muted, suggesting a
“been there, done that” perspective on events, suggesting any pullback will be
temporary. This is a strong bull market and until the data suggests otherwise,
it appears the trend is higher. Investors focused on stocks with RS > 90
should perform well."
As readers know this view has since been proven accurate,
as the Washington standoff was finally resolved and the markets powered higher.
Last week the Nasdaq led with a 3.2% gain, followed by the Russell 2000 +2.8%,
S&P 500 +2.4%, and DJIA +1.1%. For months now this blog has been
highlighting the thirst for growth issues, and this is evidenced by the
outperformance of the Nasdaq and Russell 2000 over all time periods in the
table above.
The statement that "Investors
focused on stocks with RS > 90 should perform well." has also
been proven accurate. The Sector Trends blog tracks 2,100 of the market’s most
liquid stocks, and the table below shows how these have performed over the past
3 weeks when sorted by RS tier. The RS ratings are as of 9/29 (hence forward
looking):
|
Stock Performance 9/29 - 10/18
|
|
|
RS
Tier:
|
Gain:
|
|
90 - 99
|
4.6%
|
|
80 - 89
|
4.0%
|
|
50 - 79
|
3.3%
|
|
20 - 49
|
2.9%
|
|
1 - 19
|
0.9%
|
|
Grand
Total
|
3.1%
|
In recent posts the blog has noted that the best
performing stocks were those from the highest RS tier, but also from the lowest (1 - 19) EPS tier; i.e. the most
speculative stocks had been the best performers. Over the past 3 weeks this has
changed; the table below takes a closer look at the performance of the two
highest RS tiers, breaking them out by EPS tier. As the table demonstrates
investors are now favoring a more conventional preference for high RS combined
with at least some earnings. In the author's opinion this is healthier, and
more sustainable.
|
RS 80-99 Performance 9/29 - 10/18
|
||
|
RS/EPS
Tier:
|
Gain:
|
|
|
RS 90 -
99
|
4.6%
|
|
|
EPS
|
90 - 99
|
3.4%
|
|
80 - 89
|
6.3%
|
|
|
50 - 79
|
5.8%
|
|
|
20 - 49
|
6.9%
|
|
|
1 - 19
|
0.5%
|
|
|
RS 80 -
89
|
4.0%
|
|
|
EPS
|
90 - 99
|
4.9%
|
|
80 - 89
|
4.3%
|
|
|
50 - 79
|
4.0%
|
|
|
20 - 49
|
3.6%
|
|
|
1 - 19
|
1.5%
|
|
|
Grand
Total
|
4.3%
|
|
Weekly results were also helped along by investor's
enthusiastic reception to earnings results. Top earnings winners for the week
included Align Technology +33.7%, Athena Health +19.5%, Google +16%, Chipotle
Mexican Grill +14.9%, United Rentals +12.4%, Baker Hughes +10.6%, and Sandisk
+10.6%.
The preference for high RS demonstrated over the trailing
3 weeks was also evident in investor reaction to earnings results. The table
below breaks out results by RS tier for the 250 companies reporting last week;
178 (71.2%) showed a gain (win) for the week.
|
250 Companies Reporting Earnings 10/14 - 10/18
|
|||
|
RS
Tier:
|
Weekly Gain
|
# Reporting
|
% Wins
|
|
90 - 99
|
4.9%
|
17
|
76.5%
|
|
80 - 89
|
4.4%
|
34
|
82.4%
|
|
50 - 79
|
2.2%
|
116
|
70.7%
|
|
20 - 49
|
1.9%
|
67
|
70.1%
|
|
1 - 19
|
-0.8%
|
16
|
50.0%
|
|
Grand
Total
|
2.4%
|
250
|
71.2%
|
793 companies are scheduled to report next week including
Microsoft, A T & T, Amazon, McDonalds, Boeing, Amgen, Ford, Celgene, EMC,
Vmware, Halliburton, Netflix, Nu Skin, Cree, Lumber Liquidators, TripAdvisor, Lithia
Motors and numerous others.
A broader view of industry group performance shows
a continued absence of defensive rotation, and a slight preference for commodity
oriented groups. The tables below show commodity, technology and defensively
related group's price performance over the trailing 1, 2, 3, 5, 13 and 26 week
periods.
|
30
Commodity Oriented Groups:
|
1
wk
|
2
wk
|
3
wk
|
5
wk
|
13
wk
|
26
wk
|
|
# in the top 50 groups (out of 197)
|
10
|
6
|
10
|
9
|
7
|
6
|
|
# in the bottom 50 groups (out of 197)
|
7
|
6
|
6
|
8
|
5
|
10
|
|
28
Technology Oriented Groups:
|
1
wk
|
2
wk
|
3
wk
|
5
wk
|
13
wk
|
26
wk
|
|
# in the top 50 groups (out of 197)
|
6
|
6
|
7
|
9
|
13
|
13
|
|
# in the bottom 50 groups (out of 197)
|
10
|
11
|
11
|
9
|
4
|
3
|
|
30
Defensively Oriented Groups:
|
1
wk
|
2
wk
|
3
wk
|
5
wk
|
13
wk
|
26
wk
|
|
# in the top 50 groups (out of 197)
|
6
|
11
|
10
|
6
|
5
|
2
|
|
# in the bottom 50 groups (out of 197)
|
7
|
6
|
4
|
7
|
13
|
14
|
To summarize, the market continues to exhibit robust
strength and investor's are pursuing those stocks which they perceive as having
the best growth potential. Reader's who focus on high relative strength (RS)
stocks with decent EPS should outperform.
Industry Group
Performance:
China: The August 11, August 25, and September 15 blog posts
discussed the improving Chinese and euro-zone economic data, and this past
Thursday evening brought news that China’s third quarter gross domestic product grew 7.8% from a year
earlier, compared with 7.7% in the first
quarter and 7.5% in the second.
Oddly, this
improved economic performance is having a muted effect on most China focused
ETFs (more on the this in the "Global" section below) but seems to be
supercharging the performance of US listed Chinese ADRs.
The table below
lists the trailing 3 week performance of ADR's for countries with 5 or more
liquid ADRs listed on US exchanges. Obviously companies based in China and
India are outperforming:
|
ADR Performance 9/29 - 10/18
|
||
|
Country:
|
Gain:
|
# of listings:
|
|
INDIA
|
11.1%
|
7
|
|
CHINA
|
10.0%
|
26
|
|
GREECE
|
7.8%
|
6
|
|
BRAZIL
|
5.7%
|
21
|
|
NETHERLANDS
|
4.7%
|
19
|
|
LUXEMBOURG
|
3.3%
|
6
|
|
UNITED
KINGDOM
|
3.2%
|
20
|
|
SWITZERLAND
|
2.5%
|
15
|
|
BERMUDA
|
2.0%
|
28
|
|
ISRAEL
|
0.4%
|
7
|
|
MEXICO
|
0.4%
|
6
|
|
KOREA
|
0.0%
|
5
|
|
JAPAN
|
-0.1%
|
9
|
|
IRELAND
|
-1.6%
|
14
|
|
Grand
Total
|
4.0%
|
189
|
Nq Mobile (NQ) leapt higher Thursday and Friday
last week and looks ready for more. A/D "B+", 50 day up down volume
1.4, RS 99, EPS 99, and analyst's forecast FY '13 EPS +59%, FY '14 +27%.
Qihoo 360 (QIHU) was highlighted in the June 9 blog
post and has since doubled. QIHU gained 14% last week and although volume for
the week was 4% below its 50 day average, volume on Friday when it gained 8%
was 39% above average. QIHU looks headed higher.
Youku
Tudou (YOKU) is starting to see significant accumulation on its weekly chart.
A/D rating is "B", and last quarter institutional sponsorship
increased from 161 to 191 funds (+19%). YOKU has had 8 consecutive quarters of
+80% sales growth. Weekly chart:
Kongzhong (KONG) has retraced its breakout back to
the 10.50 area. The pullback has occurred in volume significantly lower than
the previous rally higher, and over the past week saw its A/D rank improve from
"C" to "C+". KONG is not
showing imminent signs of appreciation, but given the strength in Chinese names
its worth setting an alert on the descending trend line as shown in the chart
below.
Building: There's an interesting dichotomy
developing in the performance of building related stocks as shown in the table below.
Heavy construction is performing while most groups related to domestic
residential construction continue to suffer.
|
Price
|
|
MarketSmith
|
||||
|
Industry Group
|
Symb.
|
3 Week Gain
|
3 Week Rank
|
|
Ind. Group Rank
|
3 week Δ
|
|
Bldg-Heavy
Construction
|
G1621
|
6.0%
|
26
|
|
83
|
71
|
|
Bldg-Wood
Prds
|
G2400
|
5.7%
|
32
|
|
153
|
38
|
|
Bldg-Mobile/Mfg
& Rv
|
G3791
|
5.2%
|
41
|
|
7
|
6
|
|
Chemicals-Paints
|
G2851
|
4.9%
|
49
|
|
155
|
-14
|
|
Bldg-A/C
& Heating Prds
|
G3585
|
1.5%
|
148
|
|
122
|
-13
|
|
Bldg-Constr
Prds/Misc
|
G3299
|
0.7%
|
163
|
|
99
|
-16
|
|
Bldg-Resident/Comml
|
G1520
|
0.3%
|
164
|
|
192
|
5
|
|
Bldg-Cement/Concrt/Ag
|
G8074
|
-1.8%
|
186
|
|
151
|
5
|
|
Bldg-Hand
Tools
|
G3548
|
-3.0%
|
192
|
|
116
|
-15
|
Fluor
(FLR) is likely to be a slow mover but could be of interest as it breaks into
new highs on the weekly chart:
Mastec
(MTZ) has broken higher though a descending trendline and is showing short term
accumulation with a "B" A/D rating, the 50 day up/down volume is 1.2
but the 25 day ratio is 1.7. For the moment MTZ's RS rating is too low to spark
interest but MTZ could be worth a look after earnings Thursday 10/31.
Foreign Banks: The Sector Trends blog
first pointed out the move in the Banks-Foreign group (G1440) in the
September 9 blog post writing the group "has a
MarketSmith industry group rank of 192, and ranks #191 on the trailing 26 week
price performance list with a 13.7% loss. This may have begun to change this
past week as the group finished #2 on the 1 week price performance list with a
6% gain. A review shows a number of constituent banks showing strong
accumulation." Grupo Financiero Galicia S.A. (GGAL) was highlighted
in this blog post and has since gained 45%.
Since that
time the group has continued to perform, and ranks #8 on the trailing 5 week
price performance list with an 11.5% gain and has jumped +54 in MarketSmith's
industry group rankings over the same 5 week period to rank #135 overall.
HDFC
Bank (HDB) is an Indian bank seeing heavy accumulation. The A/D is
"B+" with a 50 day up/down volume ratio of 1.6. HDB looks like a buy
on a solid break above 35 with volume.
National
Bank of Greece (NBG) is showing very strong levels of accumulation. A/D is
"A-", 50 day up/down volume ratio is 1.7, the 25 day ratio is 1.9. As
shown in the Global section below Greece is the best performing country ETF
tracked by the Sector Trends blog, +46% over the trailing 13 weeks.
Business Services: A
number of business services related groups are showing significant short term
strength as shown in the table below. The groups are sorted by 3 week price
performance.
|
Price
|
|
MarketSmith
|
|||||
|
Industry Group
|
Symb.
|
RS NH
|
3 Week Gain
|
3 Week Rank
|
|
Ind. Group Rank
|
3 week Δ
|
|
Bldg-Maintenance &
Svc
|
G7340
|
0
|
11.0%
|
4
|
|
96
|
64
|
|
Comml Svcs-Staffing
|
G1011
|
1
|
6.9%
|
13
|
|
43
|
26
|
|
Comml Svcs-Healthcare
|
G3441
|
0
|
6.6%
|
18
|
|
44
|
23
|
|
Security/Sfty
|
G3999
|
0
|
5.2%
|
39
|
|
84
|
-7
|
|
Comml Svcs-Outsourcing
|
G1001
|
1
|
4.6%
|
60
|
|
25
|
13
|
|
Comml Svcs-Consulting
|
G8242
|
0
|
4.3%
|
70
|
|
33
|
-14
|
|
Comml Svcs-Doc Mgmt
|
G2751
|
0
|
3.4%
|
93
|
|
46
|
-16
|
|
Computer-Tech Services
|
G7392
|
0
|
2.6%
|
117
|
|
16
|
12
|
|
Comml Svcs-Advertising
|
G7310
|
0
|
2.6%
|
119
|
|
38
|
5
|
|
Comml Svcs-Market Rsrch
|
G8244
|
0
|
1.7%
|
143
|
|
74
|
-12
|
Federal
Signal (FSS) has a nice volatility squeeze break out in process and is under
heavy accumulation. FSS looks like it
could be a buy on any short term weakness.
This TC2000 chart shows the volatility squeeze:
Team
Health Holdings was featured in both the December 30 and August 11 blog posts, and this past Wednesday broke out
of the flat base highlighted in the August 11 post. TMH looks like a buy on any
weakness pulling it back into the 5% buy zone.
Energy: The Sector Trends blog has
highlighted the energy sector numerous times this year, and over the past 3
weeks groups related to domestic energy production are once again performing at
a very high level. Recent names highlighted by the blog have also done well:
Sunpower (SPWR) and Rexx Energy (REXX) from the September 29 blog are +28.3%
and +13.1% respectively, and Triangle Petroleum (TPLM) from the September 9
post is +49.7%.
The
table below the sorts the groups by trailing 3 week price performance. Note the
RS line for the 4 top ranked groups is at a new high, as well as the hefty
increases in MarketSmith industry group rank over the same 3 week time period.
|
Price
|
|
MarketSmith
|
|||||
|
Industry Group
|
Symb.
|
RS NH
|
3 Week Gain
|
3 Week Rank
|
|
Ind. Group Rank
|
3 week Δ
|
|
Energy-Solar
|
G1320
|
1
|
35.0%
|
1
|
|
2
|
35
|
|
Oil&Gas-U S
Expl&Prod
|
G1310
|
1
|
11.0%
|
5
|
|
4
|
16
|
|
Oil&Gas-Machinery/Equip
|
G3533
|
1
|
6.9%
|
14
|
|
27
|
45
|
|
Oil&Gas-Field
Services
|
G1380
|
1
|
5.6%
|
33
|
|
45
|
35
|
|
Oil&Gas-Drilling
|
G1381
|
0
|
5.2%
|
43
|
|
104
|
33
|
|
Oil&Gas-Refining/Mktg
|
G2900
|
0
|
4.7%
|
56
|
|
178
|
-4
|
|
Oil&Gas-Intl
Expl&Prod
|
G1315
|
0
|
4.7%
|
58
|
|
105
|
26
|
|
Energy-Coal
|
G1319
|
0
|
3.8%
|
84
|
|
175
|
4
|
|
Oil&Gas-Cdn
Expl&Prod
|
G1312
|
0
|
3.2%
|
100
|
|
130
|
39
|
|
Energy-Alternative/Other
|
G1318
|
0
|
2.5%
|
123
|
|
36
|
0
|
|
Oil&Gas-Royalty Trust
|
G1311
|
0
|
2.4%
|
130
|
|
174
|
-3
|
|
Oil&Gas-Transprt/Pipelne
|
G4922
|
0
|
2.0%
|
140
|
|
169
|
-17
|
|
Oil&Gas-Integrated
|
G1317
|
0
|
0.1%
|
167
|
|
152
|
-10
|
Parker Drilling (PKD) burst higher
Friday gaining 8.6% on volume 87% above its 50 day average. PKD is seeing
accumulation with a "B+" A/D rank and 50 day up/down volume ratio of
1.3. Analysts forecast FY '14 EPS +71% to 0.65 per share giving PKD a forward
PE of ~ 10.8. PKD is extended beyond its upper Bollinger Band here but could be
a buy when it dips back inside the band.
Oceaneering International (OII) jumped
4% on Friday in volume 80% above average. OII is seeing significant
accumulation with a "B+" A/D rating, and a 50 day up/down volume
ratio of 1.4. Institutional sponsorship has increased 705 > 774 > 827 >
844 over the past 4 quarters. OII trades at 27 times earnings, and analysts
forecast FY '13 EPS +27%, FY '14 +19%.
Hornbeck Offshore Services (HOS) was
highlighted in the February 3 blog post at 38.62. HOS has since gained 53% and
looks to be setting up again. HOS is seeing some accumulation with a
"B-" A/D rank and 50 day up/down volume of 1.2. Analysts forecast FY
'13 EPS +120%, FY '14 +78%.
Green Plains Renewable Energy (GPRE) is
seeing significant short term accumulation and looks like its ready to move
higher out of a volatility squeeze. A/D rank "B", 50 day up/down
volume 1.3, RS 94, EPS 78. GPRE trades at 14 times earnings, and analysts
forecast FY '13 EPS +103%, FY '14 +49% giving GPRE a forward PE of ~ 11 using
FY '14 estimates.
This TC2000 chart shows the Bollinger
Band squeeze.
Furmanite (FRM) is a little thin
averaging only 165K in daily trade, however the tight trading seen on the chart
below suggests the next move will be higher. FRM is seeing very heavy
accumulation with an "A-" A/D rank and 50 day up/down volume ratio of
3.3. Analysts forecast FY '13 EPS +800%, FY '14 +31%.
Commercial Services:
The Comml Svcs-Leasing group (G7394) is showing significant price
strength ranking #12 on the trailing 5 week price performance list and gaining
+61 in MarketSmith's industry group rankings to #107 over the same time period.
United
Rentals (URI) gained 12.4% last week on 2x average volume last week after it
received favorable coverage in a popular investor newspaper and Susquehanna raised its price target to $80 from $67. URI is
extended beyond its upper Bollinger Band here but looks like a buy on a
pullback inside the band.
This TC2000 chart shows the Bollinger
Bands.
Aircastle (AYR) broke out on Friday
gaining 3.7% on volume 48% above average. AYR is seeing solid accumulation with
a "B+" A/D rank, 50 day up/down volume ratio of 1.4. Institutional
sponsorship had stagnated at ~ 255 for six quarters before increasing 255 >
292 > 306 over the last 3 quarters. RS 82, EPS 62. AYR is just now breaking
higher out of a volatility squeeze.
This TC2000 chart shows the Bollinger
Band squeeze.
Air Lease (AL) is another name from the
group showing heavy accumulation. A/D "B", 50 day up/down volume
ratio 1.8, 25 day ratio 2.1. Pivot ~ 28.90.
Healthcare: Industry
groups from the Healthcare sector have made a pronounced move over the past 3
weeks, perhaps as a consequence of 0 "winning" the 0bamacare
defunding skirmish. Regardless of the reason, this performance indicates its
worth giving names from the sector a look. The table below sorts groups from
the sector by trailing 3 week price performance.
|
Price
|
|
MarketSmith
|
||||
|
Industry Group
|
Symb.
|
3 Week Gain
|
3 Week Rank
|
|
Ind. Group Rank
|
3 week Δ
|
|
Medical-Hospitals
|
G8060
|
10.0%
|
6
|
|
134
|
32
|
|
Medical-Whlsle Drg/Suppl
|
G5022
|
8.7%
|
7
|
|
70
|
19
|
|
Medical-Diversified
|
G1005
|
7.5%
|
11
|
|
183
|
2
|
|
Medical-Systems/Equip
|
G3831
|
6.6%
|
17
|
|
26
|
20
|
|
Medical-Long-Term Care
|
G8059
|
6.2%
|
23
|
|
176
|
8
|
|
Medical-Outpnt/Hm Care
|
G1031
|
5.4%
|
37
|
|
54
|
32
|
|
Medical-Ethical Drugs
|
G2830
|
5.2%
|
40
|
|
29
|
-6
|
|
Medical-Supplies
|
G3840
|
5.0%
|
47
|
|
139
|
-3
|
|
Medical-Products
|
G2831
|
4.8%
|
54
|
|
81
|
-6
|
|
Medical-Generic Drugs
|
G8064
|
3.4%
|
91
|
|
66
|
-42
|
|
Medical-Research Eqp/Svc
|
G8058
|
2.3%
|
131
|
|
82
|
-14
|
|
Medical-Services
|
G1044
|
1.3%
|
151
|
|
93
|
-22
|
|
Medical-Managed Care
|
G8061
|
-0.5%
|
176
|
|
106
|
-59
|
|
Medical-Biomed/Biotech
|
G8063
|
-3.4%
|
194
|
|
5
|
-1
|
Santarus (SNTS) was a strong performer
for most of the year but has spent the last 10 weeks consolidating. SNTS A/D
rating is only a "B-" but institutional sponsorship gains have been
robust with the number of funds increasing 190 > 223 > 282 > 302 over
the past 4 quarters. SNTS trades at 28x earnings and analysts forecast FY '13
EPS +205%, FY '14 +24%. SNTS looks like a buy on a solid break of the trendline
below.
This TC2000 chart shows SNTS about to
leave a Bollinger Band squeeze.
ICON plc (ICLR) is under heavy accumulation with an A/D rank of
"A", 50 day up/down volume ratio of 1.2, and a 25 day ratio of 1.7. Institutional sponsorship has increased
130 > 194 > 203 > 239 > 246 over the past 5 quarters. ICLR looks
like a buy at current levels.
Illumina (ILMN) saw heavy buying on that
last dip below the 50 day. Set your alert at ~ 83 and see how it looks when it
goes off.
Software: The Sector Trends March 3rd blog
post pointed out the emerging performance of software related groups, at a time
when not a single software group was ranked in the top 100 of MarketSmith's
industry group rankings; and chronicled the improving performance regularly
over the following months. Today there are 7 software groups ranked in the top
60 of MarketSmith's rankings.
Unfortunately
all good things must end, and it appears this move is running out of steam. The
table below sorts software related groups by trailing 3 week price performance,
and it could be time for a rest...
|
Price
|
|
MarketSmith
|
||||
|
Industry Group
|
Symb.
|
3 Week Gain
|
3 Week Rank
|
|
Ind. Group Rank
|
3
week Δ
|
|
Computer Sftwr-Medical
|
G3069
|
13.3%
|
2
|
|
53
|
-3
|
|
Computer Sftwr-Edu/Media
|
G3357
|
3.8%
|
83
|
|
18
|
3
|
|
Computer Sftwr-Enterprse
|
G3583
|
3.3%
|
99
|
|
13
|
-1
|
|
Computer Sftwr-Financial
|
G2821
|
2.5%
|
122
|
|
76
|
15
|
|
Comp Sftwr-Spec Enterprs
|
G2761
|
0.9%
|
160
|
|
8
|
-2
|
|
Computer Sftwr-Design
|
G3575
|
0.2%
|
166
|
|
131
|
-2
|
|
Computer Sftwr-Security
|
G3220
|
-0.2%
|
172
|
|
57
|
-39
|
|
Computer Sftwr-Database
|
G3582
|
-0.6%
|
178
|
|
48
|
1
|
|
Computer Sftwr-Gaming
|
G3584
|
-1.0%
|
181
|
|
39
|
-22
|
|
Computer Sftwr-Desktop
|
G3270
|
-1.0%
|
182
|
|
144
|
-31
|
Global: As mentioned above numerous country specific ETFs are outperforming US
indexes. The table below lists the country ETFs tracked by the sector trends
blog, and includes domestic ETFs representing the Russell 2000, Nasdaq 100 and
S&P 500 for comparison purposes (these are highlighted in yellow). The
table is sorted by trailing 5 week price performance.
|
Symbol
|
Type 2
|
Yield
|
RS New High
|
RS
|
1 Week Gain
|
2 Week Gain
|
3 Week Gain
|
5 Week Gain
|
13 Week Gain
|
|
GREK
|
Greece
|
0.1
|
0
|
86
|
8.4%
|
11.5%
|
16.9%
|
22.8%
|
46.4%
|
|
EWP
|
Spain
|
3.2
|
1
|
82
|
4.8%
|
7.4%
|
11.0%
|
16.2%
|
33.0%
|
|
EWI
|
Italy
|
2.0
|
0
|
75
|
3.1%
|
6.4%
|
10.8%
|
13.9%
|
25.3%
|
|
TUR
|
Turkey
|
1.9
|
0
|
18
|
2.7%
|
3.0%
|
8.5%
|
11.9%
|
0.1%
|
|
EPOL
|
Poland
|
2.8
|
0
|
62
|
0.8%
|
5.2%
|
6.3%
|
9.8%
|
17.1%
|
|
EWZ
|
Brazil
|
2.7
|
0
|
36
|
1.9%
|
4.5%
|
5.8%
|
8.6%
|
16.0%
|
|
INDY
|
India
|
0.4
|
0
|
23
|
1.2%
|
4.6%
|
10.4%
|
8.6%
|
0.6%
|
|
THD
|
Thailand
|
2.3
|
0
|
31
|
2.0%
|
4.8%
|
8.0%
|
8.5%
|
2.7%
|
|
EPHE
|
Philippines
|
0.9
|
0
|
29
|
0.5%
|
3.2%
|
5.7%
|
8.5%
|
-1.5%
|
|
EIDO
|
Indonesia
|
1.7
|
0
|
8
|
3.0%
|
7.1%
|
10.0%
|
7.5%
|
-11.0%
|
|
EWK
|
Belgium
|
2.4
|
0
|
64
|
4.2%
|
4.6%
|
4.9%
|
7.2%
|
13.7%
|
|
EWA
|
Australia
|
5.3
|
0
|
50
|
3.8%
|
4.9%
|
5.0%
|
7.1%
|
14.2%
|
|
EWG
|
Germany
|
1.5
|
0
|
66
|
2.4%
|
3.5%
|
3.4%
|
6.9%
|
10.7%
|
|
EWQ
|
France
|
2.4
|
0
|
69
|
2.3%
|
3.7%
|
3.4%
|
6.7%
|
13.4%
|
|
ERUS
|
Russia
|
2.5
|
0
|
44
|
1.8%
|
4.3%
|
5.2%
|
6.7%
|
8.9%
|
|
EWY
|
South
Korea
|
0.6
|
0
|
62
|
2.6%
|
4.8%
|
5.4%
|
6.6%
|
19.3%
|
|
EWO
|
Austria
|
1.7
|
0
|
64
|
3.1%
|
2.8%
|
2.7%
|
6.6%
|
16.7%
|
|
EWM
|
Malaysia
|
2.3
|
0
|
40
|
0.9%
|
1.3%
|
5.3%
|
6.2%
|
1.6%
|
|
EWS
|
Singapore
|
4.2
|
0
|
38
|
1.4%
|
3.5%
|
2.4%
|
6.1%
|
4.8%
|
|
EWH
|
Hong
Kong
|
2.7
|
0
|
50
|
0.9%
|
1.5%
|
2.5%
|
5.7%
|
10.7%
|
|
IWM
|
Russell
2000
|
1.5
|
0
|
69
|
2.8%
|
3.4%
|
3.9%
|
5.6%
|
6.1%
|
|
QQQ
|
Nasdaq
100
|
1.2
|
1
|
68
|
3.7%
|
3.5%
|
3.9%
|
5.2%
|
10.1%
|
|
EZA
|
South
Africa
|
2.6
|
0
|
50
|
2.6%
|
3.7%
|
6.2%
|
5.2%
|
14.7%
|
|
EWN
|
Netherlands
|
1.4
|
0
|
66
|
2.8%
|
2.9%
|
3.2%
|
4.3%
|
9.9%
|
|
EWL
|
Switzerland
|
1.9
|
0
|
56
|
2.8%
|
2.6%
|
1.4%
|
4.3%
|
6.6%
|
|
EWJ
|
Japan
|
1.2
|
0
|
58
|
1.2%
|
2.9%
|
0.5%
|
4.1%
|
1.1%
|
|
EWT
|
Taiwan
|
1.9
|
0
|
52
|
0.4%
|
0.8%
|
4.3%
|
4.1%
|
8.4%
|
|
EWC
|
Canada
|
2.3
|
0
|
40
|
2.4%
|
3.1%
|
2.6%
|
4.0%
|
4.6%
|
|
ECH
|
Chile
|
1.4
|
0
|
11
|
0.5%
|
-0.4%
|
0.5%
|
3.2%
|
-0.2%
|
|
IVV
|
S&P
500
|
1.9
|
0
|
56
|
2.4%
|
3.3%
|
3.2%
|
3.0%
|
3.0%
|
|
EWD
|
Sweden
|
2.9
|
0
|
58
|
2.2%
|
2.5%
|
1.2%
|
2.5%
|
6.9%
|
|
EWU
|
UK
|
2.6
|
0
|
52
|
2.9%
|
3.3%
|
2.1%
|
2.2%
|
6.7%
|
|
MCHI
|
China
|
2.1
|
0
|
48
|
-0.4%
|
0.8%
|
2.3%
|
1.2%
|
13.5%
|
|
EPU
|
Peru
|
3.7
|
0
|
14
|
3.3%
|
6.2%
|
4.8%
|
1.0%
|
7.8%
|
|
EWW
|
Mexico
|
1.0
|
0
|
21
|
-0.4%
|
0.8%
|
1.4%
|
0.1%
|
-0.8%
|
|
FXI
|
China
|
2.4
|
0
|
42
|
-0.5%
|
0.4%
|
1.3%
|
-0.2%
|
13.1%
|
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