Monday, January 28, 2008

Financials and Housing Meltup Continues

Despite bad economic news the pre-Fed melt-up of the financial and housing ETF's continued.
The strength started early and built all day. Wednesday should be interesting!

Name Symbol % Chg Intra-
day %
SPDR S&P HOMEBUILDERS XHB 8.12% 7.3%
PROSHARES TRUST ULTRA FINANCIAL UYG 5.85% 6.2%
SPDR S&P RETAIL ETF XRT 4.80% 4.0%
KBW BANK ETF KBE 4.58% 4.2%
PROSHARES TRUST ULTRA RUSSELL2000 UWM 4.21% 5.3%
KBW REGIONAL BANKING KRE 3.90% 3.7%
ISHARES TRUST DOW JONES U.S. REAL ESTATE IYR 3.71% 4.2%

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