Market Summary

As I have mentioned before on this blog the area between the 20 day moving average(blue line) and the 50 day moving average (red line) on an up trending chart is often a very good place to buy in at and go long as illustrated on the UWM chart below which was up 4.6% on Friday. The UWM is the double leveraged ETF that tracks the Russell 2000 small cap index which was the top performing index that I tracked for last year. I have a button on my blog called Major US Indices which illustrates how all the markets move more or less in concert and have found support between their respective blue and red lines. Click on the chart to enlarge.

I have in the past posted performance tables but will now for convenience sake only post the results of my performance studies as of this date. The top three ETFs in my list on YTD basis are: UCO, AGQ, and IYE. The top three ETFs in my list on a weekly basis are: UCO, USO, and AGQ. These are natural resource plays in energy and silver. Also note that the Basic Materials Sector is the current 6 months leader in performmance up 39.6%.