Daily “Ways-to-Play” The News Before the Moves 2/23/2010

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Thai Capital Webcast Alert: Meet the Manager

Thai Capital Webcast Alert: Meet the Manager

buy Thai Capital Fund (TF);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Hong Kong Stocks Rise, Led by Developers Before Land Auction

Hong Kong Stocks Rise, Led by Developers Before Land Auction

buy Asia Pacific Fund (APB);

Check out how others are using ETFs to capitalize on this news or add your own opinion

RPT-GLOBAL MARKETS-Asia shares jump, euro firms on Greece report

RPT-GLOBAL MARKETS-Asia shares jump, euro firms on Greece report

buy Asia Pacific Fund (APB);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Asian shares jump on signs of US revival

Asian shares jump on signs of US revival

buy Asia Pacific Fund (APB);

Check out how others are using ETFs to capitalize on this news or add your own opinion

The euro will face bigger tests than Greece – Soros

Otmar Issing, one of the fathers of the euro, correctly states the principle on which the single currency was founded. As he wrote in the FT last week, the euro was meant to be a monetary union but not a political one. Participating states established a common central bank but refused to surrender the right to tax their citizens to a common authority. This principle was enshrined in the Maastricht treaty and has since been rigorously interpreted by the German constitutional court.

sell Rydex Euro Currency Trust (FXE)

buy ProShares UltraShort Euro (EUO);

Check out how others are using ETFs to capitalize on this news or add your own opinion

‘BTW, Have You Seen the ETF of CEFs?’

No, the title of this article is not the contents of an errant text message from a cell phone of a thirteen year old, but instead it’s actually a headline from last Friday’s market action. Invesco PowerShares debuted PCEF, the CEF Income Composite Portfolio, which based on our experiences and conversations with investment advisors, we believe will gain traction quickly as unique in its class.

Check out how others are using ETFs to capitalize on this news or add your own opinion

‘Next Greece’ Search Is on as Hedge Funds Circle: William Pesek

Feb. 22 (Bloomberg) — The search for the next Greece is finding its way to an unlikely place: Japan.

sell iShares MSCI-Japan (EWJ)

sell Rydex Japanese Yen Trust (FXY)

buy UltraShort MSCI Japan ProShares (EWV)

sell WisdomTree Dreyfus Japanese Yen Fund (JYF)

buy ProShares UltraShort Yen (YCS);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Millions of Unemployed Face Years Without Jobs

Peoples biggest asset is their job, not their house. This bodes poorly for home prices.

sell SPDR S&P Homebuilders ETF (XHB);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Dangerously Rich Fertilizer Mix

The danger of playing with fertilizer is that it blows up in your face. Investors should take note given the recent frenetic takeover activity in the fertilizer industry. With corporate valuations looking stretched and a mixed outlook for underlying weather-sensitive fertilizer prices, well above their 2009 lows, the conditions look set for some volatility.

sell Market Vectors–Agribusiness ETF (MOO);

Check out how others are using ETFs to capitalize on this news or add your own opinion

German Business Confidence Unexpectedly Declines

German business confidence unexpectedly fell for the first time in 11 months in February as the coldest winter in 14 years damped retail sales and construction.

sell iShares MSCI-Germany (EWG)

sell Western Asset Variable Rate Strategic Fund, Inc (GFY);

Check out how others are using ETFs to capitalize on this news or add your own opinion

El-Erian Sees More China Flexibility as Currency Strengthens

Pacific Investment Management Co.’s Mohamed El-Erian says China is likely to adopt more market-based policies “within the next two years,” cementing the view of investors who are driving the Asian nation’s currency to its largest gains in a year.

buy Market Vectors Chinese Renminbi USD ETNs (CNY);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Over Done: Homebuilders Reaching a Top?

The homebuilders have seen an impressive rally since March ‘09 lows, with ITB and XHB outpacing the S&P 500 by about 40%. It shouldn’t be a huge suprise since homebuilders took a beating in 2008, falling much more than the broad market indices before and during the crisis. However, they have contiuned to outpace the S&P 500 so far this year, with ITB up 9.76%, XHB up 5.24% and the S&P (SPY) down 1.5% (returns as of Feb. 19th). One has to wonder have homebuilders come too far too fast?

buy UltraShort Real Estate ProShares (SRS)

sell SPDR S&P Homebuilders ETF (XHB)

sell iShares Dow Jones U.S. Home Construction Index Fund (ITB)

sell iShares DJ US Real Estate (IYR);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Harvard’s Rogoff Sees Sovereign Defaults, ‘Painful’ Austerity

Ballooning debt is likely to force several countries to default and the U.S. to cut spending, according to Harvard University Professor Kenneth Rogoff, who in 2008 predicted the failure of big American banks.

sell iShares Emerging Market Bond Exchange Traded Fund (EMB);

Check out how others are using ETFs to capitalize on this news or add your own opinion

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