Sabtu, 19 Juli 2008

Global Tech ETF Matches USA

by S.C.R. Analysts

Finance Research & Analysis for July 13, 2008

The following excerpts are from interesting observations made during recent financial research revisions:

Excerpt 1: D5 (International) Portfolio Research & Analysis iShares S&P Global Info Technology (IXN) vs. iShares S&P Global 100 with U.S. (IOO): (1) Observation: Continuation of the sell-off affecting most financial markets and securities but with weak indicators. (2) Implication: This has a possibly bullish indication of investors being unwilling to sell technology securities to the level of the overall sell-off. [Charts: D5-1 (relative strength); A5-1A (regression); A5-1B (price performance)]

Excerpt 3: D5 (International) Portfolio Research & Analysis iShares S&P Global Health Care (IXJ) vs. iShares S&P Global 100 with U.S. (IOO): (1) Observation: Continued movement of monies going into the health care sector. (2) Implication: This has bearish implications for the global economy as the health care sector is traditionally considered to be a defensive sector. The relative strength indicator has a bullish positive slope for IXJ across both International (DWM) and Global (IOO). [Charts: D5-16 (relative strength); A5-11A (regression); A5-11B (price performance)]

For most investors, a diversified portfolio approach combining stocks, bonds, money market securities, etc., is optimal. While diversification cannot protect against a loss from a declining market, it can reduce the overall portfolio's volatility.

Finally, to the above analysis, the usual disclaimers apply. Since all Strategic Capital Research publications provide research that is conducted using historical data, a reminder needs to be made that the analysis of past market reactions cannot predict future market actions. In particular, no amount of historical data can predict the sudden changes that occasionally occur in financial markets.

About the Author

The SCR Analysts represent the collective voice of the researchers at Strategic Capital Research (SCR). We provide global financial analyses, and subsequent strategies, from countries to companies. Copyright 2007-2008.

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