ETFs with Most Extreme Price Positions

by: Richard Shaw

After the trauma of this past couple of weeks and as we end January, and contemplate the oft quoted idea of “as goes January, so goe the year”, we thought it might be interesting to find the strongest and the weakest ETFs and ETNs.

From the universe of 838 ETFs and ETNs, we looked for those with the most extreme price positions. We looked for those above and below the upper and lower 126-day (6 months) moving average, 126-day price channel, and 126-day 2 standard deviation Bollinger Band. We then did the same using 63 days (3 months).

Here is what we found:

A: P > 126-day SMA, 126-day upper price channel, and 126-day 2 SD upper BB


B: P > 63-day SMA, 63-day upper price channel, and 63-day 2 SD upper BB


C: P < 63-day SMA, 63-day lower price channel, and 63-day 2 SD lower BB

click image to enlarge

D: P < 126-day SMA, 126-day lower price channel, and 126-day 2 SD lower BB


Holdings Disclosure: As of January 29, 2010, we do not have positions in any securities discussed in this document in any managed account.

Disclaimer: Opinions expressed in this material and our disclosed positions are as of January 29, 2010. Our opinions and positions may change as subsequent conditions vary. We are a fee-only investment advisor, and are compensated only by our clients. We do not sell securities, and do not receive any form of revenue or incentive from any source other than directly from clients. We are not affiliated with any securities dealer, any fund, any fund sponsor or any company issuer of any security. All of our published material is for informational purposes only, and is not personal investment advice to any specific person for any particular purpose. We utilize information sources that we believe to be reliable, but do not warrant the accuracy of those sources or our analysis. Past performance is no guarantee of future performance, and there is no guarantee that any forecast will come to pass. Do not rely solely on this material when making an investment decision. Other factors may be important too. Investment involves risks of loss of capital. Consider seeking professional advice before implementing your portfolio ideas.