What's with KCE (Capital Market SPDR)?

The SPDR S&P Capital Markets ETF (the Fund), formerly SPDR KBW Capital Markets ETF, seeks to closely match the returns and characteristics of the S&P Capital Markets Select Industry Index.
The SPDR is up 23% last year and is up 5% already for the year. If the JAN effect is to be believed than KCE is definitely a winner for 2013. Well you know our signals are not derived from JAN effect, but from extreme reversion Jiseki signals and from price trends. Both of these respective signals are running positive and KCE is also a running component of the ORMI Global ETF 5 Index.
Any positive persistence on KCE could also work as a leading signal for global equities, because KCE is an early economic sector, better doing brokerage companies, asset managers are trust companies, means some real confidence returning back into equities. We will keep an eye on this ORMI component.

Download latest ETF Sector Orpheus 2013 01 08
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