ETF in Focus

EWJ (iShares Japan ETF) has, along with DXJ, been one of the best performing ETFs until last night's trading debacle in the NIKKEI. We exited our position two weeks ago seeing the market still running away. But sometimes it's best to let the next guy make the next move.

XLF (SPDR Financial Sector ETF) is leading the markets higher for the first time since 2010. Banks have reaped the benefits from QE along with easier valuation levels of assets owned.

PBW (PowerShares Wilderhill Alternative Energy ETF) like others in the alternative energy space is rising. PBW is the oldest in the sector and includes a wide variety of energy sources including solar, wind and others.

SLV (iShares Silver Trust) follows silver futures contracts. Rumors have it that a large margin call forced more selling Monday. That said, the downtrend in silver and other precious metals has been persistent.

GDX has been in a free fall since topping out in the fall of 2012. It's much oversold but there are tradable DeMark opportunites from weekly chart perspectives worth reviewing.