After playing second fiddle to the DOW and S&P 500 last year, technology is attempting to regain its status as top dog. Looking at the NASDAQ’s top performers to date causes flashbacks from the good old days: Yahoo +15.3%, Sun Microsystems +11.8%, Apple +11.5%, Google +9.7%, Intel 9.3% and Dell 6.1%. Google wasn’t around, but I owned all the others in the late 90s. Maybe I should forget this commodity stuff and load up on tech. As tempting as it is, the second time around is never quite like the first time. I may dabble around with the Qs, but I will stick with the horse that brought me here. However, I do want a iPhone.
Matter of fact, Gold proved this week that all of its double digit moves are not to the downside. It closed up $13 on Friday. For the week Gold, Silver and Cooper were up 3.3%, 1.5% and 2.7% respectively. Oil still can’t figure out which way is up closing down 4.3% for the week.
Let’s review our stocks.
The Fab Four from the article “The Commodities Bull Market is Back” is trying to regain its bearing. PCU returned Google-like numbers closing up 8.4% for the week and led the Fab to a 4.3% return as a group.
Oil has definitely fallen down. The question is can it get back up. Here are the rest of the regulars:
SOX – Semiconductor Index
GLD – Gold Bullion Exchange Traded Fund (ETF)
GDX – Gold Mining Stocks ETF
CEF – Gold and Silver Bullion ETF
USO – Oil ETF
PHO – Water Resources ETF
BRIC – basket of 4 country ETFs: Brazil, Russia, India and China
BBO (Big-Build Out) – basket of 12 stocks critical to the industrialization of BRIC
Refer to the following links for more information on above stocks.