Weekly Market Update

Stock and ETF RankingsPLUS

Thursday January 12, 2012

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• This is David Cohne, Head Strategist for No BS Investor, with your weekly market update and ETF & Stock Rankings.

Through January 12th, the S&P 500 is up 3.0% for the year, the Dow Jones Industrial Average is up 2.1%, the Nasdaq is up 4.6% and the EAFE index, which tracks the international markets is up 0.7% for the year. Our No BS ETF Trader model is up 2.3%.

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Most of the major indices ended the day positive. This was mostly due to solid Italian & Spanish bond auctions in Europe and falling oil prices. Oil prices fell below $100 a barrel. The top industries of the day were industrials and materials.

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In addition the European Central Bank announced that it will not change the benchmark interest rate. Some commodity prices were very volatile today after the USDA reported a larger than expected supply of grains. This hurt corn and wheat prices.

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In other economic news, weekly initial jobless claims grew to 399K and retail sales climbed just 0.1% last month. In better news, 30 Year fixed rate mortgages fell to a record low of 3.89 percent. This was a result of the 10 year Treasury note falling below 2%. In addition, consumer confidence reached its highest level since summer. The Bloomberg Consumer Comfort Index reported a figure of minus 44.7.

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In corporate news, Chevron Corp reported that its fourth quarter profit would be much lower than the previous quarter. Chevron ended the day down 2.6%. Wynn Resorts Ltd dropped 1.9% after its Vice Chairman sued the company. Multi-Fineline Electronix Inc, a creator of circuit boards reported better than expected preliminary quarterly sales. The stock finished the day up 18%.

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Weekly ETF Rankings

1. (VIXY) ProShares Trust VIX Short Term2. (AMLP) Alerian MLP3. (USO) United States Oil4. (DBO) PowerShares DB Oil5. (KXI) iShares S&P Global Consumer Staples

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Weekly Stock Rankings

1. (AKRK) Asia Cork Inc2. (NEI) Network Engines Inc3. (ALN) American Lorain Corp4. (HFC) HollyFrontier Corp.5. (CBEH) China Integrated Energy Inc

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• Please note these are rankings and not suggested portfolio holdings. For more information on model portfolios, please visit http://www.nobsinvestor.com.

• Also visit our blog where you can view one of our current models http://nobsinvestor.com/blog/january-12th-weekly-market-update-rankings/

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