This article is a guest contribution from Richard Shaw, QVM Group LLC.
April 6, 2010
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We scanned all ETFs to find those that are below their 20-day, 2 lower standard deviation Bollinger Bands, and those which are above their 20-day, 2 standard deviation upper Bollinger Bands. Here are two lists showing the 50 from each scan with the most dollar trading volume yesterday.
Those Below the Lower Band
Those Above the Upper Band
Holdings Disclosure:
As of April 6, 2010, we some of the funds in each list such as LQD and BND in the doing poorly list, and IWM and EEM in the doing well list.
Disclaimer:
Opinions expressed in this material and our disclosed positions are as of April 6, 2010. Our opinions and positions may change as subsequent conditions vary. We are a fee-only investment advisor, and are compensated only by our clients. We do not sell securities, and do not receive any form of revenue or incentive from any source other than directly from clients. We are not affiliated with any securities dealer, any fund, any fund sponsor or any company issuer of any security. All of our published material is for informational purposes only, and is not personal investment advice to any specific person for any particular purpose. We utilize information sources that we believe to be reliable, but do not warrant the accuracy of those sources or our analysis. Past performance is no guarantee of future performance, and there is no guarantee that any forecast will come to pass. Do not rely solely on this material when making an investment decision. Other factors may be important too. Investment involves risks of loss of capital. Consider seeking professional advice before implementing your portfolio ideas.
Richard Shaw
QVM Group LLC
Richard Shaw is the principal and primary advisor and analyst of QVM Group LLC, a Registered Investment Advisor (www.qvmgroup.com).
He has held several senior investment management executive positions in mutual fund and institutional private account management, both domestically and overseas.
His international development work has included serving as a Board Director of London Stock Exchange listed Aberdeen Asset Management (Scotland) and, as a senior executive of The Phoenix Companies (USA), establishing and distributing a series of SICAV investment funds in Luxembourg for offshore investors..
Additionally, he has been a trustee of a $500 million pension fund, president of an insurance company and first round investor and Director of the internet mortgage company, LendingTree.
He is a graduate of Dartmouth College.
Richard’s firm QVM Group LLC is a Registered Investment Advisor.
