- Small-Cap Growth -2.82%
- 1) Biotech -5.71% 2) Social Media -4.02% 3) Alt Energy -3.33%
- HCLP, BBBY, TS, APAM, PSMT, CTRX, CBSH, FDO, TM, COG, APOG, ALG, EBAY, HQH, CTCT, POOL, HIBB, FMBI, TQQQ, HMC, VISN, IBB, WUBA, N, CRS, NMBL, MNST, GILD, CTRX, FEYE, NOW and IMPV
- 1) XBI 2) BBBY 3) ADM 4) EWY 5) WDAY
- 1) CVX 2) BBBY 3) GS 4) PCLN 5) COG
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Thursday April 10, 2014, marked a pivotal economic change in mankind’s history. Popular currency carry trades unwound trading in Small Cap Nation Investment, IFSM, and Nation Investment, EFA, as the ECB failed to come forward with any new credit stimulus. Investors no longer trust in the monetary policies of the world central banks to stimulate global investment growth. Said another way the world central banks’ monetary policies have crossed the rubicon of sound monetary policy and have made “money good” investments bad.
Action Forex Chart Report shows the EUR/JPY trading lower from its rally high. Likewise the Yahoo Finance Chart Report of the EURJPY together with Eurozone Stocks, EZU, and European Small Cap Dividend Stocks, DFE, are trading lower from their Friday April 4, 2014 high. European Financials, EUFN, and Eurozone Nations, Italy, EWI, Germany, EWG, Netherlands, EWN, France, EWQ, Ireland, EIRL, Spain, EWP, Austria, EWO, and Portugal, PGAL, led by Greece, GREK, traded lower on the failure of European Credit, EU. Sweden, EWD, traded strongly lower on the sell of the Swedish Krona, FXS. Currency carry trade leader Denmark, EDEN, traded lower. Brent North Sea Oil, BNO, nation Norway, NORW, traded lower.
The Nikkei, NKY, fell strongly on the rise of the Japanese Yen, FXY. And currency sensitive Indonesia, IDX, and Vietnam, VNM, fell strongly lower.
The credit sensitive US Small Caps, IWM, traded lower, and their underlying credit providers, Regional Banks, KRE, traded strongly lower, which drove investors to derisk out Small Cap Pure Value Stocks, RZV, and Small Cap Pure Growth Stocks, RZG.
Global Financials, IXG, were led lower by Ireland’s Bank, IRE, the National Bank of Greece, NBG.
World Stocks, VT, were led lower by disinvestment from the sectors Biotechnology, IBB, Solar Energy, TAN, Internet Retail, FDN, Nasdaq Internet, PNQI, Pharmaceuticals PJP, Media, PBS, Software, IGV, Cloud Computing, SKYY, IPOs, FPX, Semiconductors, SOXX, Consumer Services, IYC, and Retail, XRT. Data Storage companies such as STX, BRCD, SNDK, IMN, HILL, CRDS, NMBL, and WDC, traded strongly lower.
Yield bearing investments were led lower by disinvestment from the sectors Water Resources, PHO, International Telecom, IST, Leveraged Buyouts, PSP, Shipping, SEA, International Dividends, DWX, Eurozone Small Cap Dividends, DFE, and Dividends Excluding Financials, DTN.
Utilities, PUI, traded lower even though the Benchmark Interest Rate, $TNX, traded lower to 2.63%.
The failure of credit is seen in Call Write Bonds, CWB, trading lower from their March 2014 high. One can follow the destruction of Credit with this Finviz Screener of Credit ETFs.
The failure of stock wealth is seen in Calamos Closed End Equity Fund, CSQ, paying 8.7%, trading lower from its April 4, 2014 high.
The Interest Rate on the US Ten Year Note, ^TNX, framed lower at 2.63%; and the Steepner ETF, STPP, found support at 38.98, taking Aggregate Credit, AGG, higher.
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