FINANCIALS LEAD STOCKS TO BEST WEEK SINCE NOVEMBER – RSI FAVORS INCOME, ENERGY, HEALTHCARE AND MID GROWTH FUNDS
Posted on March 13, 2009 at 20:19 PM EDT
Today in the market, Friday, March 13, 2009 : A sharp rebound in bank shares and easing worries about the economy pushed stocks to their best week since late November. The market shot up in one week as it might in some years, with major indicators chalking up gains of around 10 percent. Friday's gains were modest compared with the rallies on Tuesday and Thursday, but investors welcomed the market's ability to hold its ground. Several recent rallies have ended with disappointing selloffs. Fears eased during the week that the nation's major financial institutions would collapse or at least require additional government lifelines to stay alive. Market veterans were quick to rein in hopes that stocks would chart an easy recovery but many still saw the four straight days of gains a good sign. (headline & commentary courtesy of Yahoo Finance) ETF/CEF Medium Volatility: BNA - Blackrock N A Govt Incm ETF/CEF High Volatility : BGR - Blackrock Global Energy and Resources Trust EVG - Eaton Vance Short Duration Diversified Income Fund IHF - iShares Dow Jones U.S. Healthcare Providers IJK - MidCap 400 Growth iShares JGT - Nuveen Multi-Currency Short-Term Government Income Fund ETF/CEF Discussion: A great ending to a good up week. The 1) counter trend rally or 2) the next bull rally (take you pick depending on your outlook) appears to have started this week. RSI applauded this feat with the picks outlined above. These picks span ETFs and CEFs and a variety of sectors. Here may be good candidates for your consideration. They might be the future winners. Have a good weekend.
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