Hot ETFs For Week 9

Hot ETFs for Week 9 of 2012

As Newton's First Law of Motion says, “An object stays in motion unless acted upon by an external force.”

Hot ETFs: Week 9

iPath Dow Jones Natural Gas ETN GAZ +16.2%, this ETF tracks the Dow Jones-UBS Natural Gas Total Return Sub-Index and reflects the price of the natural gas futures contract on the New York Mercantile Exchange

Market Vectors Indonesia Index ETF IDX +3.3%, this ETF tracks the Market Vectors Indonesia Index

ProShares Short Russell 2000 Index ETF RWM +2.9%, this ETF tracks the daily inverse move of the Russell 2000 Index.

Hot ETFs Last 30 Days:

iPath Dow Jones Natural Gas ETN GAZ +66.7%, this ETF tracks the Dow Jones-UBS Natural Gas Total Return Sub-Index and reflects the price of the natural gas futures contract on the New York Mercantile Exchange

Market Vectors Viet Nam Index ETF VNM +17.4%, this ETF tracks the Market Vectors Viet Nam Index

iPath S&P 500 Crude Oil ETN OIL +9.7%, tracks the performance of the Goldman Sachs Crude Oil Index

From this listing, we can see that energy ETFs and energy ETNs are hot, along with Pacific Basin emerging indexes.

Most interestingly, we see a “short” ETF popping up in the leaders list, reflecting the extraordinary weakness in the Russell 2000.

Bottom line:  Specific sectors stay hot even as major U.S. indexes tread water and move in a sideways channel.  The introduction of market leader Russell 2000 into the “short” column, suggest the possibility of further weakness in U.S. indexes ahead.

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