| Symbol | Name | % Chg | Volume |
| FXI | ISHARES TRUST FTSE/XINHUA CHINA | 9.77% | 13,014,230 |
| PGJ | POWERSHARES GOLDEN DRAGON CHINA | 8.28% | 1,810,300 |
| EWH | ISHARES MSCI HONG KONG INDEX FUND | 4.77% | 13,238,248 |
| INP | IPATH MSCI INDIA | 2.93% | 1,413,510 |
| EWZ | ISHARES MSCI BRAZIL | 2.67% | 14,364,600 |
| EEM | ISHARES INC. MSCI EMERGING MARKETS | 2.31% | 21,361,505 |
| QLD | PROSHARES TRUST ULTRA QQQ | 2.14% | 2,366,700 |
| SMH | MERRILL LYNCH SEMICONDUCTOR HOLDRS | 1.77% | 12,902,300 |
| EWW | ISHARES MSCI MEXICO | 1.72% | 3,626,600 |
| UNG | UNITED STATES NATURAL GAS FUND | 1.63% | 2,272,960 |
| EWY | ISHARES MSCI KOREA | 1.46% | 2,568,947 |
| EWT | ISHARES MSCI TAIWAN | 1.35% | 4,711,580 |
| EWS | ISHARES MSCI SINGAPORE | 1.31% | 3,824,280 |
| QQQQ | POWERSHARES QQQ | 1.29% | 171,851,496 |
| EWM | ISHARES MSCI MALAYSIA | 1.24% | 1,007,400 |
| TLT | ISHARES LEHMAN 20+ YEAR TREAS BOND | 1.09% | 2,344,900 |
| EFA | ISHARES TRUST MSCI EAFE | 1.06% | 6,404,645 |
TOP LOSERS w/VOLUME>1M
| Symbol | Name | % Chg | Volume |
| XHB | SPDR S&P HOMEBUILDERS | -3.26% | 4,955,450 |
| QID | PROSHARES TRUST ULTRASHORT QQQQ | -2.24% | 31,646,991 |
| GDX | MARKET VECTORS GOLD MINERS | -1.76% | 1,705,712 |
| OIH | OIL SERVICE HOLDRS | -1.37% | 7,803,000 |
| KRE | KBW REGIONAL BANKING | -1.22% | 3,022,400 |
COMMENTS:
FXI/PGJ - The largest single day gain I have ever seen in an ETF. According to Tim Seymour's comments on Fast Money this afternoon, the reason for the huge pop today:
"there’s speculation that the Shanghai and Hong Kong markets could merge and consequently companies that trade in Shanghai are trading at a premium. Seymour emphasizes that it’s only speculation. Any investor who buys these stocks should also take out put protection, he says."
I think China will continue to be a speculative play with big intra-day swings. I have yet to really trade FXI, but now I might just have to plunge in. The gaps up have been crazy huge, but one day there will come a big gap down day. But that time could be far out in the future. Or not.
SMH - While the above indicates a gain on the day for the semiconductors, its not carrying through after hours. Its down 0.41%. The divergence between the QQQQ's and SMH is still of big concern. Either SMH has to rise or Nasdaq has to fall to reconcile it I believe. My bet is on the Q's taking a hit before the month is out.
OIH - Today was the 4th straight down day for OIH. This seems at odds with the higher highs in the Oil futures. Hmmmm... The OIH is now touching the high end of its previous trading range of $195. Despite the saber rattling in Turkey regarding Iraq and supposed supply interruptions I think the move up in oil will soon to be over (I am guessing by end of the month, early November at the latest). The OIH and XLE will then fall dramatically as oil revisits the $50-$60 range. Thats not to say a $90 oil price won't be seen first. If there was going to be a sustained rise in oil prices holding at the high $80's then the OIH and XLE would not be dropping. Until I see other action, I am holding to this idea.
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