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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (81465)	10/15/2011 6:49:24 PM
From: RJA_	2 Recommendations Read Replies (1) \| Respond to of 217844

My guess (only a guess) is that Soros is very disappointed with the result from supporting Obama, and has done some rethinking on how to spend his money.

To: Haim R. Branisteanu who wrote (81465)	10/16/2011 5:47:45 AM
From: elmatador	Respond to of 217844

Materials And Emerging Markets ETFs Lead Global Rally By TRANG HO, INVESTOR'S BUSINESS DAILY Posted 10/12/2011 04:59 PM ET Basic materials and emerging market ETFs led the fledgling global uptrend Wednesday as Fed minutes showed that it's ready to resort to another round of quantitative easing if the economy weakens further and European Union members are set to approve the euro zone rescue fund. Global X China Industrials ETF ( CHII) outpaced all nonleveraged ETFs, gapping up 9.4% to a one-month high. But it's still trading below both its 50-day and 200-day moving averages and its chart hasn't confirmed a new uptrend. IShares MSCI Indonesia Index ( EIDO) and Market Vectors Indonesia Index ( IDX) both jumped 5.6% in higher volume than the prior day but still below average. These corrected considerably less than other foreign markets during the summer sell-off and are trading only 17% below their 52-week highs. Most other countries are still in bear markets or 20% or more below their highs. IBD Relative Strength Ratings of 58 for EIDO and IDX are also higher than most foreign ETFs, indicating they're outperforming 58% of all issues in the market. They're poised to lead foreign markets once the uptrend is confirmed, says Kevin Marder of Marder Investment Advisors and the Gilmo Report. Global X China Materials ( CHIM) and EGShares China Infrastructure ( CHXX) both gapped up 6% to one-month highs. IShares MSCI Emerging Markets Materials Index ( EMMT), Global X Uranium ( URA) and First Trust ISE Global Copper Index ( CU) all jumped 5%. But all of these are still trading below their moving averages and so investors must approach them with caution. The star during the summer sell-off, Pimco 25+ Year Zero Coupon U.S. Treasury Index ( ZROZ), fell 2.8% to a one-month low. But it closed in the upper end of its intraday trading range, showing there's demand from bargain buyers. Volatility ETFs, which move counter to the market, led losing ETFs. C-Tracks Citi Volatility Index ETN ( CVOL) crashed 11% and fell below its 50-day moving average for the first time in three months. Market In New Uptrend IBD's market timing system shows the market has started an uptrend but investors have to stay nimble and be ready for a possible reversal. This, like many follow-throughs, occurred with the market under its 200-day moving average. Although a new uptrend has been confirmed, many investors still see the 200-day line as overhead resistance, where traders with losses tend to sell as the market rises. The most violent moves up and down tend to occur below the 200-day moving average. The S&P 500 is up about 12% from its intraday low from last Tuesday and had its biggest seven-day rally since March 2009. The most common month for a bull market to begin is October, said Marder. But volume has been very low. "You don't have a lot of conviction on the part of institutions," he said. In addition, leading growth stocks haven't built proper bases or ones long enough to take people's attention away from them, he added. Simon Maierhofer, co-founder of ETFGuide.com, told clients they should wait for stocks to pull back to key support levels before buying into this rally. Investor sentiment hasn't fallen to extreme bearishness that's typically seen at market bottoms, he noted.