The latest source of optimism came from a Financial Times report that European leaders will discuss boosting the firepower of the euro zone's rescue fund at the summit. The report cited senior European officials.
The Dow Jones industrial average .DJI gained 52.30 points, or 0.43 percent, to 12,150.13. The Standard & Poor's 500 Index .SPX.INX added 1.39 points, or 0.11 percent, to 1,258.47. But the Nasdaq Composite Index .IXIC dropped 6.20 points, or 0.23 percent, to 2,649.56. (commentary & photo courtesy of Reuters)
I have been monitoring the five funds recommended in the last blog. Monday I bought a position in SPDR S&P Homebuilders (XHB) as it was progressing nicely. Today the RSI portfolio was off a small amount < 0.3%, about the same amount the NASDAQ was down.
Here are a couple more funds to monitor that look attractive:
- PowerShares DB Oil (DBO)
- WisdomTree Dividend ex-Financials (DTN) yield = 3.41%
- PowerShares Dynamic Pharmaceuticals (PJP)
Take a look at these three and add them to your monitor list. I will be doing this too.
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