ETF Range Projections & A Quote to Start the Day

A fool thinks himself to be wise, but a wise man knows himself to be a fool.

- William Shakespeare

For more detailed economic data click “Today’s Calendar” in the navigation bar to the left.

This morning we have Asia lower ex Japan and Europe little changed: Nikkei 225 +0.01%, Hang Seng -1.33%, Shanghai1.-0.46%, DAX +0.05%, and the FTSE -+0.14%

At about 7:10AM ET ahead of this morning economic stats (Housing & Jobless Claims) the futures are looking better on the equity side: Dow +40, S&P +5, NAZ +5, Oil -$0.51 and Gold -$1.00

Trade Safe and

have a great day!

Ranking Dow Stocks by Relative Strength

Last month the Prudent Trader began a project of building ETF portfolio’s whose construction is  based upon the ranking of ETFs by relative strength, over different time frames, and  then within asset classes.  How’s it doing? You can see four portfolios structured by the top 1 or top 2 in the rankings. In addition and courtesy of Piazzi a portfolio of Canadian ETFs for our friends north of the border. The portfolio’s are kept on an continuously updating spreadsheet to view where everything stands at the moment (20 minute delay)  to view Click Here! (Members Only)

The table below ranks the Dow Jones Industrial Average’s components by relative strength over 3,6,9, and 12 months.