Wednesday, May 30, 2007

Change in S&P 100, 500

In addition to WFR, S&P announced today that AAPL will join its S&P 100 index of big blue-chip companies (.OEX). And PCP will join S&P 500 (.SPX). Shares of new additions to S&P 500 often rise because funds tracking the index are required to buy stocks that enter it. PCP has risen 9% above the buy point after breaking out of the cup-and-handle at 110 about 2 weeks ago.

ETFs of my interest and 6 months % change:
Powershares Dyn Bd & Cor PKB 24.7%
Market Vectors Steel Fund SLX 42.2%
iShares S&P Latin Am 40 ILF 29.7%

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