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Global ETF Charts We Are Watching

November 16, 2009

Many of the ETFs that represent world exchanges broke out last week. This is also true of many of the commodity related shares and especially the precious metals group.

Much of the movement can be directly related to the diving U.S. dollar as the impact across commodities is well related. If we do see a melt-up of the dollar, there will certainly be a significant sell off for the groups most correlated.

U.S. utilities have been weak as has been the case of financials. Japan is looking like it is falling toward  support and will have to show some strength here or risk moving much lower.

(Click on each chart to enlarge)

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Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.

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Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.

Written by Andrew Horowitz · Filed Under Economy, Markets, Stocks, Strategy 

Comments

2 Responses to “Global ETF Charts We Are Watching”

  1. aj-from-nj on November 17th, 2009 2:36 am

    Hi Andrew, I love the podcast and blog. Just some feedback… this would be more useful if you included a list of links to the current market data for the etfs and/or just include the list in text. As is, i have to hold my mouse over each one, or load up the chart to see what etf you are watching.

    I do not mean to be negative, as I said, I love the site and podcast (I voted for you!) and just wanted you to have a bit of feedback on how you could make it better.

  2. Andrew Horowitz on November 17th, 2009 3:02 am

    Thanks. Undrstood

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