Financial Sector (XLF) has dropped 6.02% last week. Over 52 weeks, it has dropped about 47.77%. Since October peak last year, S&P 500 has dropped about 20%. Those are the facts that we are currently in bear market. Let’s look at the tables below. It shows some details of performance indexes:
Weekly & YTD Performance
| Index | Start Week | End Week | Net Chg | % Chg | YTD Chg |
| DJ-30 | 11,288.54 | 11100.5 | -188.0 | -1.7% | -16.3% |
| Nasdaq | 2,245.38 | 2239.1 | -6.3 | -0.3% | -15.6% |
| SP-500 | 1,262.90 | 1239.5 | -23.4 | -1.9% | -15.6% |
| Russell 2000 | 665.78 | 675.0 | 9.2 | 1.4% | -11.9% |
ETF Sector Patrol Weekly & YTD Performance
| Sector | % Chg Weekly | YTD Chg |
| Consumer Staples | 0.56% | -6.49% |
| Consumer Discretionary | -4.18% | -18.07% |
| Energy | -3.61% | 3.09% |
| Financials | -6.51% | -35.43% |
| Health Care | 0.98% | -12.72% |
| Industrials | -0.96% | -15.50% |
| Basic Materials | 0.10% | -5.47% |
| Technology | -0.98% | -16.65% |
| Telecom | -0.22% | -22.09% |
| Utilities | 0.00% | -4.42% |
Market Fundamentals
| Index | Price | P/E | P/E | P/E | Div | Earnings | Price |
|
| (TTM) | (1 Yr Ago) | (Fwd) | Yield | Yield | Book |
| DJ-30 (Indu) | 11100.54 | 75.95 | 18.41 | 11.94 | 2.92 | 1.32 | 3.34 |
| DJ-20 (Trans) | 4776.74 | 22.32 | 16.94 | 22.16 | 1.34 | 4.48 | 2.53 |
| DJ-15 (Util) | 517.87 | 15.77 | 20.99 | 15.51 | 3.05 | 6.34 | 2.67 |
| SP-500 | 1239.49 | 20.35 | 18.25 | 13.56 | 2.50 | 4.87 | 2.46 |
| Nasdaq | 2706.16 | 27.76 | 36.68 | 20.30 | 0.56 | n/a | n/a |
| Russell 2000 | 785.52 | 72.35 | 40.88 | 23.67 | 1.91 | n/a | n/a |
*Source: Birinyi Associates
The Markets are in tremendous uncertainty conditions and head to fall. It will drag investors down to suffer more big losses. But all those that are suck do not mean we cannot find any opportunities to invest in the market. There are still bullish in gold sector rather than we attempt to find other stocks that might be recommended as stocks that proof from market downswing. Recession proof stocks do not ensure investors that they will be safe from sucker rally and market turbulence. Gold stocks were mostly under correction since late June as Oil Prices were corrected. As raising credit meltdown panic that was driven by collapsing Fannie Mae (FNM), Fraddie Mac (FRE), and Lehman Brothers (LEH) on last Friday; mostly Stocks were red but Gold Stocks were green. Here is a list of last change of Gold Stocks on last Friday:
Name | Symb | Last Price | Change | 52 Wks Hi | 52 Wks Lo | Eps | PE |
Freeport-McMoRan Copper & Gold… | FCX | 107.74 | +1.99 (1.88%) | 127.24 | 67.07 | 8.63 | 12.5 |
Barrick Gold Corporation (USA) | ABX | 49.21 | +2.49 (5.33%) | 54.74 | 28.89 | 2.04 | 24.2 |
AMERIGROUP Corporation | AGP | 23.37 | +0.24 (1.04%) | 41 | 19.92 | 2.41 | 9.69 |
Newmont Mining Corporation | NEM | 51.27 | +2.09 (4.25%) | 57.55 | 38.01 | -3.5 |
|
Vista Gold Corp. | VGZ | 4.45 | +0.33 (8.01%) | 7.87 | 3.17 | -0.5 |
|
Goldcorp Inc. (USA) | GG | 48.29 | +2.43 (5.30%) | 49.25 | 21 | 0.79 | 60.8 |
Kinross Gold Corporation (USA) | KGC | 23.31 | +0.80 (3.55%) | 27.4 | 9.87 | 0.55 | 42.1 |
Alumina Limited (ADR) | AWC | 17.25 | +0.43 (2.56%) | 32.85 | 15.03 | 1.47 | 11.8 |
Agnico-Eagle Mines Limited (USA) | AEM | 75.58 | +2.73 (3.75%) | 83.45 | 34.24 | 1.02 | 74.4 |
Claude Resources Inc. (USA) | CGR | 0.97 | -0.02 (-2.02%) | 1.75 | 0.81 | -0.1 |
|
IAMGOLD Corporation (USA) | IAG | 6.13 | +0.17 (2.85%) | 10.43 | 5.59 | -0.1 |
|
Mag Silver Corp (ADR) | MVG | 8.7 | -0.07 (-0.80%) | 18 | 8.63 | -0.2 |
|
Pan American Silver Corp. (USA) | PAAS | 35.22 | +1.51 (4.48%) | 44.1 | 20.8 | 1.24 | 28.4 |
Golden Star Resources Ltd. (USA) | GSS | 2.5 | +0.12 (5.04%) | 4.38 | 2.16 | -0.2 |
|
Great Basin Gold Ltd. (USA) | GBN | 3.56 | +0.07 (2.01%) | 3.85 | 1.82 | -0.3 |
|
Eldorado Gold Corporation (USA) | EGO | 8.56 | +0.33 (4.01%) | 9.34 | 3.25 | 0.13 | 67.9 |
Coeur d'Alene Mines Corporation | CDE | 2.56 | +0.03 (1.19%) | 5.18 | 2.32 | 0.1 | 25 |
Silver Wheaton Corp. (USA) | SLW | 15.08 | +0.97 (6.87%) | 19.54 | 9.72 | 0.38 | 39.5 |
Randgold Resources Ltd. (ADR) | GOLD | 51.09 | +4.04 (8.59%) | 56.15 | 20.83 | 0.6 | 84.8 |
Gold Fields Limited (ADR) | GFI | 12.46 | +0.44 (3.66%) | 19.915 | 10.66 | 0.89 | 14 |
Yamana Gold Inc. (USA) | AUY | 14.91 | +0.96 (6.88%) | 19.93 | 8.4 | 0.39 | 38.2 |
Harmony Gold Mining Co. (ADR) | HMY | 12.19 | +0.85 (7.50%) | 15.27 | 8.41 | -0.3 |
|
Northgate Minerals Corporation... | NXG | 2.65 | +0.13 (5.16%) | 3.49 | 2.4 | 0.2 | 13.4 |
Hecla Mining Company | HL | 9.45 | +0.59 (6.66%) | 13.14 | 6.58 | 0.46 | 20.4 |
Gold stocks usually move in the opposite direction of market panic. Finally, the chart below becomes an evident that people never flees away from gold:
*Source: Roland Watson
Please Note!
This is generally never true. Before buying or selling any asset you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.
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Today, Bidu has broken out of the lower bollinger band and should be considered oversold when it's below the lower band. We will see the stock will be more volatile ahead Google's Earning on the next Thursday.
