The largest of the large caps continue to show strength and momentum. Not only is there the Diamonds Trust (DIA) but also the Rydex Russell Top 50 (XLG). XLG invests in the 50 largest U.S. companies, such as Altria Group (MO), Bank of America (BAC) and Exxon Mobile (XOM). So, you do get more market capitalization representation and more diversity than owning just the Dow 30 stocks.
Market technicians learn early on that the trend is your friend.
Read the disclosure, as Tom Lydon is a board member of Rydex Funds.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.