| Name | Symbol | 1W%Chg |
| SPDR S&P HOMEBUILDERS | XHB | 9.3% |
| ISHARES FTSE/XINHUA CHINA 25 | FXI | 6.4% |
| ISHARES SINGAPORE | EWS | 6.1% |
| ISHARES DJ BROKER US DEALERS | IAI | 6.0% |
| SPDR S&P RETAIL | XRT | 5.9% |
| ISHARES RUSSELL 2000 GROWTH | IWO | 5.8% |
| ISHARES KOREA | EWY | 5.7% |
| ISHARES DJ U.S. REAL ESTATE | IYR | 5.7% |
| ISHARES BRAZIL | EWZ | 5.6% |
| PROSHARES ULTRA QQQQ | QLD | 5.5% |
| ISHARES RUSSELL 2000 INDEX | IWM | 5.1% |
| ISHARES EMERGING MARKETS | EEM | 5.1% |
Comments:
1. XHB - Have we truly seen the bottom in housing stocks? The recent rebound would have you think so, but many commentators say the bottom is still to come. RSI=33
2. IAI - Have we truly seen the bottom in the big brokers? Their recent earnings were not as bad as expected, but have they valued everything appropriately? Another quarter will tell. My feeling is they will fall. RSI = 70
3. FXI - China! What can I say, these stocks have been on fire. Much like the dot com days circa 1999-2000. We know how that ended. FXI up nearly 60% since low on Aug 16. RSI=72
4. EWS - Singapore is rocking. Up 30% since low on Aug. 16. I think this may continue to run higher along with FXI, but the risk of a big haircut is getting much higher. RSI = 70
5. XRT - Retail. Jobs numbers allowed bounce, consumer is not dead. Christmas could change that. 3.26% gain on Friday. I think this will get sold off. RSI=52
6. IWM. Russell 200 closing in on 52-wk high. Has been lagging the other indexes. If the market takes a downturn the small caps will be more volatile, but if market rallies from here, could be a good bet. RSI = 59
7. EWZ - Brazil's been zooming higher on strong commodities and weak dollar. EWZ is up 51% since Aug. 16 low. EWZ, like FXI are high beta stocks. If dollar strengthens or commodities slide, EWZ will fall like a rock. Beta on EWZ is 1.64 vs FXI 1.79 = very high volatility.
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