- Small-Cap Value -.61%
- 1) Airlines -2.02% 2) Homebuilders -1.82% 3) I-Banks -1.34%
- TBBK, SC, CQP, UNFI, AUXL, OXM, HLT, CXDC, GGAL, CBSO, PSXP, DAL, E, JCOM, BCR, COH, STAY, PPL, LULU, ARLP, RLYP, PCP, PKI, BMA and EQM
- 1) XHB 2) XLU 3) ACHN 4) MU 5) FDX
- 1) GM 2) JPM 3) TBBK 4) TSN 5) UPS
1 comment:
On Wednesday, June 11, 2014, competitive currency devaluation, coming at the hands of the currency traders calling the Euro, FXE, lower caused investors to deleverage out of currency carry trades with the result of a stock market reversal from its Elliott Wave 5 High Top.
Nation Investment, EFA, was led lower by Eurozone Small Caps, DFE, such as TNP, Eurozone Stocks, EZU, such as PT, IR, LYB, CBI, ALU, PHG, BUD, SNY, NVO, NXPI, ERIC, ENL, LUX, UN, and Eurozone Nations, such as Portugal, PGAL, Italy, EWI, Ireland, EIRL, Greece, GREK, and Spain, EWP.
Major Countries, Denmark, EDEN, Norway, NORW, Sweden, EWD, Switzerland, EWL, traded lower.
The Emerging Markets, EEM, and EWX, were led lower by Turkey,TUR, India, INP, India Small Caps, SCIN, Indonesia, IDX, Chile, ECH, and Argentina, ARGT.
Global Financials, IXG, were led lower by European Financials, EUFN, such as NBG, SAN, IRE, India Earnings, EPI, Stock Brokers, IAI, such as TROW, AMTD, SCHW, Investment Bankers, KCE, such as JPM, MS, Regional Bankers, KRE, such as HBAN, FITB, RF, SNV, The Too Big To Fail Banks, such as BAC, C, KEY, USB, WFC, Life Insurance Companies, such as GNW, PFG, PUK, LFC, AEG, AEL, PRI, LNC, TMK, MET, and Asset Managers, such as BLK, IVZ, CG, LAZ, BEN, AMP, JNS, VOYA, CNS, LM, BR, IVZ, STT, BK.
World Stocks, VT, were led lower by Airlines, Building Materials, Manufactured Housing, CVCO, US Infrastructure, PKB, Homebuilders, ITB, Transportation, XTN, Global Industrial Producers, FXR, Aerospace, PPA, Small Cap Pure Growth Stocks, RZG, and Small Cap Pure Value Stocks, RZV.
Yield Bearing Sectors were led lower by Smart Grid, GRID, China Real Estate, TAO, Global Infrastructure, IGF, Emerging Market Infrastructure, EMIF, Real Estate, IYR, Utilities, XLU, PUI, and Shipping, SEA, such as SBLK, DRYS, DLNG, DAC, SB, and TNP.
Dividends Excluding Financials, DTN, were led lower by BA, D, NEE, HD, ADP, HPQ, WM, JWN, GE. JNJ, PEP, F, GPC, MSFT, DOW, DIS. MCD, and HON.
Agriculture, PAGG, such as CAT, traded lower.
Materials, MXI, such as EXP, and MLM, traded lower.
Miners, PICK, such as RIO, AA, and SCCO, traded lower.
Credit Services, such as AXP, DFS, V, MA, HEES, and URI, traded lower.
Closed End Funds, GCE, such as CSQ, AWP, PFL, RCS, EIM, UTF, IFN, and EMD, traded lower.
Gold and Silver Miners, GDX, GDXJ, SIL, SILJ, traded higher from their recent lows.
As of June 11, 2014, most all Equity Investments began trading lower from their rally and market top highs.
Aggregate Credit, AGG, traded higher, yet resides below May, 28, 2014, rally high, having been led lower by the 30 Year US Government Bonds, EDV, the US Ten Year Notes, TLT, and Long Term Corporate Bonds, LWC. Emerging Market Bonds, EMB, and Junk Bonds, JNK, traded lower. Thus all Credit Investments are trading lower from their rally and market tops, evidencing the failure of credit. Zero Hedge reports Bank of America Shocker: New Commercial Loan Plunge Is Largest Since Lehman.
Post a Comment