- Small-Cap Growth +.84%
- 1) Coal +2.41% 2) Steel +1.98% 3) Homebuilders +1.89%
- TPH, BRY, VECO, CVA, SFY, GTI, LINE, VMC, RLGY, ZLTQ, CSIQ, SYY, SCTY, X, FSLR, NUAN, QLIK, SPWR, HWAY, WLT, AOL, GRPN and VOLC
- 1) DNR 2) AKS 3) STZ 4) TPX 5) MAT
- 1) K 2) AAPL 3) LMT 4) T 5) MON
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On Monday, November 4, 2013, Export centric ETFs and currency carry trade ETFs traded higher on short sell covering.
Sectors trading higher included Solar Energy, TAN, 8.3%, Metal Manufacturing, XME, 3.0, Steel, SLX, 2.4, Transportation, XTN 1.9, Coal, KOL, 1.8, Small Cap Pure Growth, RZG, 1.7, Small Cap Pure Value, RZV, 1.7, Healthcare, IHF, 1.9, Spin Offs, CSD, Industrial Miners, PICK, 1.1, Global Industrial Producers, FXR, 1.1, Small Cap Industrials, PSCI, 1.0, Leveraged Buyouts, PSP, 1.0, Social Media, SOCL, 1.0, Retail, XRT, 0.9. and Energy Production, XOP, 3.1, and Small Cap Energy, PSCE, 2.9.
Metal Manufacturers, XME, 3.1%. Steel, SLX, 2.4%, Coal Miners, KOL, 1.85, and Industrial Miners, PICK, 1.2%; all rising, as is seen in their combined ongoing Yahoo Finance Chart, while Base Metal Commodities, DBB, fell sharply lower. Natural Gas, UNG, plummeted to strong support.
Countries trading higher included Germany Small Caps, GERJ, 2.6%, Poland, EPOL, 2.1, China Industrials, CHII, 1.5, Argentina, ARGT, 1.3, Egypt, EGPT, 1.3, India Small Caps, SCIN, 1.2, New Zealand, ENZL, 1.2, Philippines, EPHE, 1.2, Vietnam, VNM, 1.2, Ireland, EIRL, 1.1, Norway, NORW, 1.0.
While Global Financials, IXG, traded 0.4%, higher, Swiss Banks, UBS, and CS, traded strongly lower. South Korea Banks, KB, and SHG, as well as Royal Bank of Scotland, RBS, and National Bank of Greece, NBG, traded lower. The ongoing combined Yahoo Finance chart of IXG, XTN, FXR, RZV, and RZG, reflects that it is the Global Financials, IXG, that are leading World Stocks, VT, and Nation Investment, EFA, lower.
Shaun Richards asks How long will the UK economy be run for the benefit of banks like RBS and the Co-op? . The RBS has continued on a troubled path since its effective nationalisation back on October 13th 2008. And I am fascinated by this development: The (new) measures will include the creation of an internal “bad bank” to manage the run-down of high risk assets projected to be £38 billion by the end of 2013.
John Redwood writes The Bad News Still Continues From RBS. The Bank reported more losses and still pays no dividends. It has published a report on its own small and medium sized business lending and service which is extremely critical.
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