Dynamic Growth: ETF Portfolio
NEW BUYS:
None
NEW SELLS:
None
SWITCHES:
None
Here are our Top 10 ETF's for the week of March 24th:
1) FXF: Currency Shares Swiss Franc Trust- .546
2) EWZ: Brazil Index- .496
3) SLX: Market Vectors Steel Index Fund- .489
4) EEB: Claymore ETF BNY BRIC- .435
5) DBA: Powershares DB Agriculture Fund- .405
6) ADRE: BLDRS Emerging Markets 50 ADS Index Fund- .351
7) OIH: Oil Services HOLDRS- .307
8) PGJ: PS Golden Dragon China Fund- .212
9) KBE: KBW Bank ETF- Not Rated
10) IYF: iShares Dow Jones US Financial Sector- Not Rated
Honorable Mention:
None
Here are our Top 10 Fidelity Sector Funds for April 2008:
1) FSESX- Energy Services
2) FNARX: Natural Resources
3) FDFAX: Consumer Staples
4) FSENX- Energy
5) FSCHX: Chemicals
6) FSMEX: Medical Equipment
7) FSCGX: Industrial Equipment
8) FSDPX: Materials
9) FWRLX- Wireless
10) FSRBX: Banking
Honorable Mention (Holds):
FSDAX: Defense & Aerospace
Notes:
I am a little short on time since I am leaving this morning for Ft. Lauderdale, Florida. I will give you an update on what the economy is like in central and south Florida during the week. This will be an important indicator for what we can expect in the weeks ahead.
For the week:
-Gold closed at $920.00/oz -79.50 for the week. Last week gold closed at $975.00, and was trading at $947.80 two weeks ago.
-The Commodities CRB Index closed at 388.30, down from 412.69 last week, and down from 398.67 two weeks ago.
-Crude Oil closed at $101.84 /bbl down from $108.71 last week..
Oil prices are in a tug of war between a weaker dollar, and the potential for a weaker economy.
In the weeks ahead we will probably see an adjusted trading range of $75-$85/ barrel. This is why I refuse to overweight oil in the ETF portfolio despite of the current rankings in our system.
Crude oil and commodity prices corrected some this week, but prices must correct somewhat further or the US economy will remain in serious trouble.
-The U.S. Dollar close at 72.75 up from 70.70 last week, but still down from 75.52 two weeks ago.
The dollar has dropped to new all-time lows because of rate cuts by the Fed.
Our current asset allocation is as follows;
70% Equities: (Normally 95%) Aggressive
60% Equities: (Normally 80%) Moderately Aggressive
50% Equities: (Normally 60%) Moderate
30% Equities: (Normally 40%) Moderately Conservative
10% Equities: (Normally 20%) Conservative
