3 Great ETF’S You Should Know About (MXI, IEZ, IYW)
Louis Navellier from MoneyShow.com reports that “Buying specific sector ETFs will allow us to capitalize on [an] Advanced Sector Alert when an industry is just breaking out, helping us profit much earlier in the market cycle. Three years of back-testing clearly show that our Advanced Sector Alert identifies sectors coming into favor an average of four months in advance of individual stock winners. That means we’re likely to be holding these sector ETFs anywhere from three to six months. Our goal is to lock in short-term profits from our sector ETFs first, and then follow up by trading up to the one or two fastest-moving stocks within each sector.”
Louis Navellier goes on to recommend 3 ETF’s on his radar screen which he rates a buy. The first one is the iShares S&P Global Materials Sector Index (NYSEArca: MXI). Navellier believes “There are two great things about this ETF. First, it covers international investments-a very important area of opportunity as the US continues to grapple with recession. Secondly, this ETF focuses on materials-another word for “commodities.”
The second ETF is the iShares DJ US Oil Equipment & Services Index (NYSEArca: IEZ). Navellier says “As crude oil has cruised about $70 a barrel to set a new high for the year, many energy stocks on our Buy list have been booming. The IEZ fund will help us cash in while we’re monitoring this sector in search of our next [stock] buys.”
The 3rd and last ETF Navellier recommends is the iShares DJ US Technology Sector Index (NYSEArca: IYW). Navellier says the technology sector is heating up and “When the few leaders of the pack emerge, look for them to be added to our Buy list-but for now, this ETF is your way to play the tech boom.”
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