Ultimate PowerRatings Trading Report: Strategies for Sprint, Semiconductors, UltraShort Brazil
With pre-market futures indicating a strong open, the likelihood of overbought conditions in most stocks and ETFs remains high as the week begins. The SPDR S&P 500 ETF (SPY) enters the week with an ETF PowerRating of 6, while the PowerShares QQQ (QQQQ) earned an ETF PowerRating of 7. The highest PowerRating among widely-traded funds is the 10-rating in the Semiconductor HOLDRS ETF (see below), while the lowest ETF PowerRating for Monday belongs to the 1-rated iShares MSCI Brazil Index Fund (EWZ). More about Brazil below.
probability equation
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