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ETF Preview: Tech Funds Getting Boost from Amazon.com Spending, Retail ETFs Finding Little New Traction Though Early Sales Data Positive
By: Midnight Trader   Monday, November 29, 2010 8:54 AM
Symbols: AMZN, IRE
Details of a multi-lateral 85 billion euro ($113 billion) bailout package for Ireland emerged but failed to inspire much investor confidence in Europe outside of Ireland.

Bank of Ireland (IRE) is up 23.6% in U.S. action, ranging between 1.68 to 1.80. Allied Irish Banks (AIB) is up 11%, ranging between 1.10 and 1.06. Both ADRs have been active decliners over recent sessions.

In a regulatory statement, Bank of Ireland said it would seek to raise 2.2 billion euro in capital by Feb. 28, via "internal capital management initiatives, support from existing shareholders and other capital market sources."

Technology -

Active Technology Select Sector SPDR (XLK), iShares Dow Jones US Technology (IYW), Vanguard Information Technology (VGT), and iShares S&P North American Technology (IGM) are all expected mixed with a firmer bias in early action.

iShares S&P North American Tech-Software (IGV) and Semiconductor HOLDRS (SMH), SPDR S&P Semiconductor (XSD), iShares PHLX SOX Semiconductor (SOXX) and PowerShares Dynamic Semiconductors (PSI) are all expected at least mildly firmer but could move in choppy fashion in step with broad-market action.

Energy and Mining -

Energy Select Sector SPDR (XLE) is down 0.3%. Oil Services HOLDRS (OIH), SPDR S&P Oil & Gas Equipment & Services ETF (XES) and PowerShares Dynamic Energy Exploration & Production (PXE) are all expected lower.

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