The market didn’t go anywhere today, but that didn’t keep RSI form picking another foreign ETF. The pick:

• Buy 211 shares of iShares MSCI EAFE Value Index (EFV); Stop = -$4.72 Target = +$14.16 Volatility = 3.74%

EVF has foreign stock holdings on a worldwide basis and as often with value stocks it pays a nice yield of 3.34%. This fund should do well in the context for an economic worldwide recovery. The only negative is that EFV has been underperforming the US market (Magenta line slopes down), but that could change. Money is flowing into the fund (Cyan line sloping up) which indicates investor interest since early July. If you want to include foreign value in your portfolio, this is a good fund to consider.

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A quick note on the chart lines … I manually add the channel lines, red and green, to the StockCharts.com charts. I use the “eyeballing” method of placing the lines. I just thought you should know that they are my educated guess and not something generated by RSI.

Catch you later.