Sunday, February 26, 2006

AMEX moves

The American Stock Exchange Composite Index (AMEX) is out-performing the S&P/500 Composite Index by 6% over the past 3-months. It advanced another 1% this past week thanks to activity in some of the the exchange's precious metal stocks. But the AMEX is also home to many of the Exchange Traded Funds (ETF) that investors are increasingly trading. Leading the AMEX ETF's this week was the iShares S&P/TOPIX Index Fund (ITF), which is a basket of Japanese stocks. ITF advanced 3.4% and has a Stock Trends Bullish indicator with an RSI of 109.
 
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