Categories: Stock Market NewsThe Alpha Investor Letter Hotlines

Global Stock Investor Hotline 67

U.S. markets finally broke out to the upside yesterday, as markets soared on news that the troubled Asset Relief Program was not nearly as costly as first suspected. The debate between the bulls and the bears seems to have been resolved in favor of the bulls.

Market Vectors Russia ETF (RSX) was the week’s top performer, up 6.29%.

Your Global Stock Investor picks continue to perform very strongly. Yet again, many of your positions hit records or 52-week highs. These include the Market Vectors Brazil Small-Cap ETF (BRF), the iShares MSCI Singapore Index (EWS), the iShares MSCI Taiwan Index (EWT), the Claymore/BNY Mellon Frontier Markets (FRN), the Market Vectors Indonesia ETF (IDX), the iShares MSCI Turkey Invest Mkt Index (TUR), the iShares MSCI Malaysia Index (EWM), the iShares MSCI Taiwan Index (EWT), the iShares MSCI South Korea Index (EWY) and the Global X FTSE Nordic 30 ETF (GXF).

With risk in global markets back on, you can expect to see continued big gains in your Global Stock Investor portfolio as the traditional Q4 rally gets under way.

Portfolio Update

Market Vectors Brazil Small-Cap ETF (BRF) hit a record $59.77, ending the week 5.72% higher. BRF remains a BUY.

The WisdomTree Dreyfus Chinese Yuan Fund (CYB) rose 0.6% this week — a huge move for this otherwise stable currency. China clearly is feeling the heat to revalue. It also is showing its confidence in the global economic recovery. CYB is back to a BUY.

iShares MSCI Malaysia Index (EWM) rose 1.46% this past week, hitting a yearly high of $13.91. EWM remains a BUY.

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iShares MSCI Singapore Index (EWS) was up 3.1% this week, attaining a high for the year of $13.62. EWS is a BUY.

iShares MSCI Taiwan Index (EWT) reached a yearly high of $13.60 this past week, rising 1.64%. EWT is a BUY.

iShares MSCI South Korea Index (EWY) closed the week at $55.16, rising 4.29%. With this stock market finally breaking out to yearly highs, EWY remains a BUY.

Freeport-McMoRan Copper & Gold, Inc. (FCX) hit a high of $91.18 yesterday, ending the week up 4.76%. With copper and gold continuing to rally, this volatile stock now is a BUY.

Claymore/BNY Mellon Frontier Markets (FRN) rose 2.18%, after hitting a record high of $23.39. With Chile, Colombia and Poland among the planet’s top-performing stock markets, FRN remains a BUY.

CurrencyShares Japanese Yen Trust (FXY) continued to rise in the face of intervention by the Japanese government, rising 0.9% to reach a high for 2010. FXY is a defensive HOLD.

Global X FTSE Nordic 30 ETF (GXF) closed at a record high of $19.03 yesterday. Up 1.7% this week, GXF remains a BUY.

Market Vectors Indonesia ETF (IDX) hit another record when it reached $89.54 yesterday, ending the week 3.75% higher. Indonesia remains a BUY.

Market Vectors Russia ETF (RSX) closed at $34.13 yesterday to culminate a week of strong gains. With the global risk trade back on, Russia remains a BUY.

iShares MSCI Turkey Invest Mkt Index (TUR) hit a yearly high of $72.31, ending the week 3.52% higher. Turkey remains a BUY.

Vale S.A. (VALE) jumped 4.76% this past week as commodities resumed their bull run. Vale is now a BUY.

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P.S. If you want to keep up with my latest insights on developments in fast-paced global markets, you can now follow me on Twitter on @NickVardy or on my new blog, NickVardy.com.

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world. He was the Editor of The Global Guru, a free weekly e-newsletter, and also edited the trading services Momentum Trader Alert, which focused on making short-term profits in the hottest markets in the world, and The Alpha Algorithm, which was designed specifically to deliver big, fast triple-digit winners, month after month. He was also the editor of Smart Money Masters, a monthly service focused on longer term investments recommended by the brightest minds in the business. Mr. Vardy has been a regular commentator on CNN International and the Fox Business Network. He has also published articles in The New Republic, The World and I, and The Baker & McKenzie Legal Review. The Global Guru/Nicholas Vardy has been cited in The Wall Street Journal, Newsweek, Fox Business News, CBS MarketWatch, Yahoo! Finance, and MSN Money Central. Mr. Vardy graduated from Stanford with a B.A. — with honors and distinction — in both Economics and History, and he also earned an M.A in Modern European Intellectual History. After winning a Fulbright Scholarship, he earned a J.D. degree at Harvard Law School where he was an editor of the Harvard International Law Journal. When not uncovering investment opportunities for his subscribers and investors, Mr. Vardy is a keep-fit enthusiast and an avid student of classical music.