UCS Afternoon Update

Good morning investors. Hope everyone had a great weekend. Wow! This summer seems to be flying by. There is so much making news that it's sometimes hard to focus on what needs to be focused on. Well, strong day so far, with technology issues such as CSCO, INTC, ORCL dominating the most Actives, but the most spectacular of all the Actives is the company Human Genome Sciences, Inc: HGSI ; the stock is up 224% on good news of its Lupus drug and of a possible partnership with large deep-pocketed commercial company.

Ah, the joys of technology- that's the ticket. Of course, you can get many of the best, quality technology companies in the ProShares Technology Fund which might I say is 6 points above its 30 day moving average of $30 per share. It's made a major breakout. I am still researching three technology ETF funds that I believe will do well and will hopefully have them posted soon.

7/20/2009 1:20 PM

Comments

What to Buy- Foreign vs Domestic funds?

Calm before the storm. At least that's what I've been reading. It seems that there is still not much buying. Much of the buying seems to be just shifting funds from one account to the next. It's called "churning" in broker turns. So, I wanted to see if anyone was buying, you know, new money. I clicked on over the Investment Company Institute website to see if they could shed some light on this matter. Based on their recent reports, "Estimated inflows to long-term mutual funds were $ 12.48 billion for the week ended Wednesday, June 10, 2009 ", versus $ 13.646 billion for the week of June 3. At least it wasn't negative. There is buying. As a matter of fact, buying has almost doubled compared to inflow numbers reported in May. I also noticed that Equity Foreign Funds had a larger percentage increase than other categories while Taxable Bond Funds had a noticeable percentage decrease in inflows as compared to the previous periods. Interesting. Are in...

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