Today in the market, Friday July 25, 2008: Well the market was certainly volatile this week and its great that it ended the week with a modest gain. The S&P500 was up +0.42% and the Nasdaq +1.33%. This week was filled with news, both good and bad, that caused some wild gyrations. On that note let's bid farwell and look forward to smoother sailings. (Wishful thinking) RSI’s Themes: The ETF/CEF picks lean toward world and emerging income plus environmental services. Areas that certainly need due consecration in one's portfolio. The stock picks lean in the direction of the consumer..electronics, coffee, clothing and furniture. This is very contrary to conventional market wisdom. We shall see. ETF/CEF Low Volatility: AWF - Alliance Wrld Dlr Govt II EMD - Western Asset Emerging Markets Income Fund Inc. EVX - Market Vectors Environmental Services Stocks Medium Volatility: ACC - American Campus Communities Inc. ATU - Actuant Corp. EMR - Emerson Electric Co. GMCR - Green Mountain Coffee, Inc. HBI - HanesBrands, Inc. SVR - Syniverse Holdings Inc. Stocks High Volatility: FBN - Furniture Brands Intl Inc. Stock Picks New to RSI: Furniture Brands International , Inc. designs, manufactures, sources, and retails home furnishings. Hanesbrands, Inc., a consumer goods company, engages in the design, manufacture, sourcing, and sale of apparel essentials for men, women, and children in the United States and internationally. Emerson Electric Co., a diversified global technology company, engages in designing and supplying product technology and delivering engineering services to industrial and commercial, and consumer markets worldwide. ETF/CEF Catch a Falling Knife (CFK): ADRD BLDRS Developed Markets 100 ADR Index Fund APF Mgn Stnly Dean Wtr Asia P EAD Evergreen Income Advantage Fund, Inc. EWD Sweden iShares EWG Germany iShares EWP Spain iShares EWU United Kingdom iShares EZA South Africa iShares GAF SPDR S&P Emerging Middle East And Africa HHH Internet Holders IJT SmCap 600 Growth iShares ISI iShares S&P 1500 Index Fund IVV S&P 500 iShares IWB Russell 1000 iShares IWV Russell 3000 iShares IYY Total Market iShares JKJ iShares Morningstar Small Core Index Fund ONEQ Fidelity Nasdaq Composite Index Fund (OneQ) PBW Powershares Wilderhill Clean Energy Portfolio PWB Powershares Dynamic Large Cap SCD LMP Capital and Income Fund Inc. SSO Ultra S&P 500 ProShares Fund TTF Thai Fund, Inc. TY Tri Continental Corp. VOX Vanguard Telecommunication Services VIPERs VTI Total Market VIPERs VXF Vanguard Extended Market VIPERs So there you have it....have a great weekend, I certainly will.