Market Currents

• Friday, December 11, 2009

• 14:00 PM Sector ETF strength: Homebuilders– XHB +1.5%. Utilities– XLU +1.4%. Livestock– COW +1.1%. Steel– SLX +1%. Retailers– XRT +1%.  Industrials– XLI +1%.
  Sector ETF weakness: Gold Miners– GDX -2.1%. Silver– SLV -1.5%. Gold– GLD -1.3%. Semis– IGW -0.8%. Oil– USO -0.8%.  Comment!
• 10:34 AM Sector ETF strength after one hour: Steel– SLX +1.4%. Retailers– XRT +1.3%. Utilities– XLU +1%. Homebuilders– XHB +0.9%. Cons. Discretionary– XLY +0.9%. Agribusiness– MOO +0.9%.
  Sector ETF weakness: Silver– SLV -1%. Gold– GLD -0.9%. Gold Miners– GDX -0.5%. Oil– USO -0.5%. Regional Banks– RKH -0.3%. Comment!

• Wednesday, December 9, 2009

• 11:01 AM Sector ETF strength: Gold Miners– GDX +2.8%. Steel– SLX +1.8%. Coal– KOL +1.6%. Oil Services– OIH +1.4%. Silver– SLV +1.3%. Gold– GLD +1.2%.
  Weakness: Solar– KWT -1.1%. Internet– HHH -1.1%. Retailers– XRT -1%. Solar– TAN -1%. Comment!

• Tuesday, December 8, 2009

• 15:39 PM Sector ETF strength: Commercial Banks– KBE +0.3%. Healthcare Providers– IHF +0.1%. Regional Banks– KRE flat.
  Sector ETF weakness: Gold Miners– GDX -4.1%. Silver– SLV -2.9%. Oil Services– OIH -2.9%. Steel– SLX -2.9%. Gold– GLD -2.2%. Coal– KOL -2.1%. Comment!

• Monday, December 7, 2009

• 10:30 AM Early sector ETF strength: Solar– KWT +3.9%. Healthcare Providers– IHF +2%. Clean Energy– PBW +1.6%. Agribusiness– MOO +1.4%. Semis– IGW +1.3%.
  Weakness: Silver– SLV -2.5%. Gold Miners– GDX -2.5%. Gold– GLD -1.4%. Oil– USO -1.2%. Gasoline– UGA -1.2%. Heating Oil– UHN -1.1%. Comment!

• Friday, December 4, 2009

• 15:27 PM Sector ETF strength: Regional Banks– KRE +2.4%. Russell 2000– IWM +2.3%. Real Estate– IYR +2.1%. Commercial Banks– KBE +2%. Homebuilders– XHB +2%. Transports– IYT +1.9%.
  Sector ETF weakness: Gold Miners– GDX -5.2%. Gold– GLD -4.6%. Silver– SLV -2.5%. Heating Oil– UHN -1.3%. Basic Materials– IYM -1.2%. Comment!
• 13:17 PM Sector ETF strength: Regional Banks– KRE +2.7%. Russell 2000– IWM +2.2%. Real Estate– IYR +2.2%. Homebuilders– XHB +2.1%. Transports– IYT +1.6%. Commercial Banks– KBE +1.4%.
  Sector ETF weakness: Gold Miners– GDX -5.6%. Gold– GLD -3.2%. Silver– SLV -2.4%. Basic Materials– IYM -1.4%. Heating Oil– UHN -1.3%. Utilities– XLU -1.2%. Solar– KWT -1.1%. Comment!
• 10:17 AM Sector ETF strength: Russell 2000– IWM +2.7%. Homebuilders– XHB +2.6%. Regional Banks– KRE +2.6%. Transports– IYT +2.4%. Steel– SLX +2.4%. Retailers– XRT +2.4%. Oil– USO +2.2%.
  Sector ETF weakness: Gold Miners– GDX -3.7%. Gold– GLD -1.6%. Silver– SLV -1.3%. Utilities– XLU -0.2%. Comment!

• Wednesday, December 2, 2009

• 13:30 PM Sector ETF strength: Gold Miners– GDX +1.6%. Regional Banks– KRE +1.6%. Agribusiness– MOO +1.4%. Steel– SLX +1.3%. Telecom– IYZ +1.3%. Gold– GLD +1.2%.
  Sector ETF weakness: Heating Oil– UHN -2.2%. Gasoline– UGA -1.9%. Oil– USO -1.6%. Oil Services– OIH -1.1%. Solar– TAN -0.8%. Energy– IYE -0.7%. Comment!

• Wednesday, November 25, 2009

• 05:17 AM Spot gold strikes another all-time high overnight, "and its liquidity-driven momentum shows no sign of slowing despite an almost unbroken run since a three-session correction in late October." To be seen: early bull market, or early stage exhaustion spike? Dec. gold +1.1% to $1,179. (ETF: GLD) 2 Comments

• Friday, November 20, 2009

• 13:28 PM Sector ETF strength: Pharma– PPH +1%. Livestock– COW +0.7%. Gold– GLD +0.3%. Utilities– XLU +0.1%.
  Sector ETF weakness: Oil Services– OIH -2.6%. Homebuilders– XHB -2.4%. Solar– TAN -1.6%. Energy– XLE -1.6%. Clean Energy– PBW -1.5%. 1 Comment

• Tuesday, November 3, 2009

• 13:15 PM Sector ETF strength: Gold Miners– GDX +7.1%. Transports– IYT +4.8%. Silver– SLV +4.3%. Heating Oil– UHN +2.5%. Solar– KWT +2.4%. Gold– GLD +2.4%.
  Sector ETF weakness: Semis– SMH -1.5%. Commercial Banks– KBE -1.2%. Regional Banks– KRE -1.2%. 1 Comment

• Monday, November 2, 2009

• 13:20 PM Sector ETF strength: Coal– KOL +2.1%. Agriculture– DBA +1.5%. Gold– GLD +1%. Healthcare Providers– IHF +0.9%. Oil– USO +0.7%. Gold Miners– GDX +0.7%. Commodities– DBC +0.7%.
  Sector ETF weakness: Regional Banks– KRE -2.2%. Solar– TAN -2.1%. Broker/Dealers– IAI -1.5%. Telecom– IYZ -1.4%. Clean Energy– PBW -1.3%. Comment!

• Tuesday, October 27, 2009

• 13:43 PM A key selling point for gold, of course, is that it's a store of value that's hard to make disappear. Which is why some are troubled that the serial-numbered Friday physical bar listings from [[GLD]] - the largest U.S. gold-backed ETF - shrank from over a thousand pages to around 200 for a couple of weeks this month, before jumping back to 855 pages after growing online chatter. 10 Comments

• Monday, October 19, 2009

• 18:23 PM Gold (GLD) isn't cheap, but neither does it look toppy. (Peter Brimelow) 5 Comments
• 16:18 PM ETF investors appear to be bracing for a potential long-term bout of inflation, with cash flowing steadily into funds tracking commodities (GLD, DBC, USO), foreign stocks (EEM, VWO, EWZ) and inflation-protected bonds (TIP). 1 Comment