Weekly ETF Review and New ETF for Nov 1 2010 Week

As I had mentioned in the last week's review that I would like to test this strategy during a market pullback. This week provided an opportunity to test it out.

Our top ETF picks last week and their weekly returns are as follows:

Top 5 ETF last week were

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ETF Weekly gain

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1. AGQ -12.53%

2. CZM - 1.25%

3. ERX - (0.60%)

4. LBJ - 2.72%

5. TNA - (0.21%)

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Cumulative return of 3.14%.

SPY's return for the same period were 0.07%, which again proves that picking ETF based on strategy is lot better than just parking your money and trying to get market returns.

As I had mentioned last week, I have closed all the positions due to market conditions and bearish patterns on the horizon.

However the ETFs are showing that there is still strength in some pockets and those pockets might help us balloon higher. But as the saying goes, Prevention is always better than cure. I would restrain myself from getting hammered. and I would let Mr. Market tell us the way.

It is very easy to get invested again if market moves higher.

Keep on checking here and I will post on Facebook also.

Weekly ETF

However the TOP ETF for this upcoming week are as follows:

These are the top ETF to hold this week

1. AGQ

2. SGG

3. CZM

4. DAG

5. TYH

We will track these top ETF again next week.

Also I would keep on close eye on these ETFs leaders for any signs of market weakness as these leader are usually the first one to lead the way lower.

Some of the stocks of interest this upcoming week

AUDC

CALD

PWER - Huge market manipulation in this stocks.. so watch out for short squeeze..

AUMN - I will be buying this on pullback, another volatile stock..