Today in the market, Wednesday July 23, 2008: Stocks traded in positive territory all day with heavy volume and finished nicely higher. Lots of earnings data (110 companies reported) came out today and the market liked what it saw. The S&P500 was up 0.41% and the Nasdaq up 0.95%. Advancing shares were almost twice the decliners. All in all, not too shabby a day. RSI’s Themes: One ETF pick today and it is the Mexico fund. Stock picks were a mixed bag with a new pick, Red Hat. Remember when that was the red hot stock and market darling? At the top of the Tech Bubble it traded close to $140/share. Today it ended it $21.43. Anyway RSI believes it has potential, but don't expect anything close to its record highs of eight years ago. Again we are seeing a ton of falling knives as RSI detects some life in this group. Please use caution. As its name implies, you can get slashed. ETF/CEF Medium Volatility: EWW - Mexico iShares Stocks Low Volatility: ATT - AT&T Inc. - Sr Notes Stocks Medium Volatility: CCC - Calgon Carbon Corp. DCI - Donaldson Co, Inc. PDA - Perdigao S.A. RHT - Red Hat, Inc. Stock Picks New to RSI: Red Hat, Inc., together with its subsidiaries, provides open source software solutions to enterprises. ETF/CEF Catch a Falling Knife: ADX Adams Express Co. DGT SPDR DJ Global Titans ETF DIA Diamonds EFA EAFE Index iShares EFG iShare MSCI Growth EFV iShares MSCI Value ETG Eaton Vance Tax-Advantaged Global Dividend Income Fund ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund EWG Germany iShares EWH HongKong iShares EWJ Japan iShares EWY South Korea iShares EXI iShares S&P Global Industrials Sector Index Fund FEU streetTRACKS Dow Jones STOXX 50 Fund FEZ streetTRACKS Dow Jones Euro STOXX 50 Fund FGF Sun America Focused Alpha Growth Fund Inc. IHF iShares Dow Jones U.S. Healthcare Providers IOO S&P Glbl 100 iShares ISI iShares S&P 1500 Index Fund ITF TOPIX 150 Index iShares IVE S&P 500 Value iShares IVV S&P 500 iShares IWB Russell 1000 iShares IWD Russell 1000 Value iShares IWV Russell 3000 iShares IWW Russell 3000 Value iShares IYC Consumer iShares IYK Consumer Non-Cyc IYY Total Market iShares IYZ Telecom iShares JKD iShares Morningstar Large Core Index Fund JKI iShares Morningstar Mid Value Index Fund KF Korea Fund, Inc. NYC iShares NYSE Composite Index Fund OEF S&P 100 Index Fund - iShares PPA PowerShares Aerospace and Defense Portfolio PRF PowerShares FTSE RAFI U.S. 1000 Portfolio PWV Powershares Dynamic Large Cap SCD LMP Capital and Income Fund Inc. SPY S&P 500 SPDRs TTF Thai Fund, Inc. TTH Telecom Holders VEU Vanguard FTSE All-World ex-US VGK Vanguard European VIPERs VO Vanguard Mid Cap VIPERs VOX Vanguard Telecommunication Services VIPERs VTV Vanguard Value VIPERs VV Vanguard Large Cap VIPERs XLG Rydex Russell Top 50 XLI Industrials Select Sector SPDR I didn't filter this list so here is the full 50 count. Use this list with caution. Talk to you tomorrow.