My No. 1 Ranked International Etf Is Signaling ‘buy’ Now

A report from Standard & Poors on Thursday, suggesting that fourth quarter GDP would expand 0.6 percent less than previously anticipated as result of the government shutdown, raised expectations that the Federal Reserve would delay the taper of its bond purchases. Those expectations were confirmed by Thursday afternoons report from The Wall Street Journals Jon Hilsenrath entitled, Fed Unlikely to Trim Bond Buying in October. The likelihood that quantitative easing would continue at full strength for the foreseeable future weakened the dollar against the euro. On Thursday and Friday the euro came close to hitting its 2013 high of $1.3710, which was reached on February 1. The 17-nation currency reached a high of $1.3682 on Thursday and climbed as high as $1.3699 on Friday. After, the FOMCs September 18 decision against the Septaper, FXE broke through the overhead resistance FXE had been experiencing at $133. This ETF has been trading above that level for twenty-four consecutive days. Fridays 0.01 percent advance to $135.37, allowed FXE to finish the week with a 0.96 percent advance, remaining 1.96 percent above its 50-day moving average of $132.76. FXEs big gains on Thursday and Friday broke the head and shoulders pattern which had formed on the FXE chart. Usually, a rise above the neckline breaks the pattern. On Thursday, we saw FXE rise well above the top of the head, where it remained on Friday. The Relative Strength Index for FXE rose to 66.69 from last Fridays close at 58.31. The MACD just crossed above the signal line, suggesting that FXE should continue to advance during the immediate future.

First, each of these funds is deemed to be a high yield prospect because it boasts an annual dividend yield upwards of 5%. Second, each of these ETFs also boasts over $10 million in total assets under management to help steer investors away from less established funds.AAs always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETF Insider recommendations, sign up for aA free 14-day trial of ETFdb Pro . Pro Membership Required to Continue Reading To continue reading this article, you must be an ETFdb Pro member.

Sector ETFs Surge – Sector ETF Spotlight

Bloomberg Radio’s Catherine Cowdery reports on Exchange Traded Funds. Gold Assets in ETPs Continue to Decline (Audio) Oct 10, 2013 Morgan Stanley says gold will extend its losses into 2014, adding to bearish calls from Goldman Sachs Group Inc. and Credit Suisse Group AG. Bloomberg data shows investors have sold about 712-metric tons from bullion-backed, exchange-traded products this year. Bloomberg Radio’s Catherine Cowdery reports on Exchange Traded Funds.

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Single-digit CAPEs can be used as buy signals in global stock markets. According to research done by Mebane Faber, the average one-year gain in international markets after CAPE falls below 10 is 25.9%. Over the next three years, low-CAPE markets provide an average annual gain of 17%. Italy is also a short-term buy. This system buys when risk is low and the ETF has high relative strength (RS) . The RS rank of EWI is 100, meaning that it has been among the top performers over the past six months.

Investors seemed absolutely certain that a default would not happen, so there was plenty of hope fuel for the fire. The leading sector ETF for the week was the Energy Select Sector SPDR ETF Fund (NYSEARCA:XLE) which rose 3.14%, and the runner up sector ETF was theFinancial Select Sector SPDR Fund ETF (NYSEARCA:XLF)which rose 2.58%. For now we are likely looking at higher prices ahead, unless of course Congress befuddles markets once more. Sector ETF Update: Consumer Discretionary Select Sector SPDR Fund ETF (NYSEARCA:XLY): +2.06%, This ETF tracks the Consumer Discretionary Select Sector Index which includes media, retail, hotels, leisure, and restaurants.


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