On Wall Street, U.S. stocks fell after a sloppy debut by Facebook spoiled hopes that a spectacular open for the most-anticipated stock sale in years would brighten investors' mood. The benchmark S&P 500 posted a weekly loss of 4.3 percent.

Safe-haven gold prices rose more than 1 percent, with spot gold at $1,588.96 an ounce. The problems in Europe, highlighted by the political instability in Greece, remain as the primary factor for today's slide in oil prices. (commentary & photo courtesy of Reuters)

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A lot to cover this weekend, RSI issued a signal to sell the S&P500 and the whole host of market averages. As this week progressed seven funds hit their limits and they were sold. They are REM, XHB, FVD, XLI, CVY, VNM, AND EWW. On the other side RSI issued some buy signals and I bought EFZ and added to the ZROZ position. Let’s look at these two funds:

EFZ is a fund that shorts the MSCI index of industrial countries outside North America. Obviously, this fund benefits from the crisis in the Euro-zone. EFZ has been going straight up since the start of May and unless the European problem is solved, this trend will continue.

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ZROZ has been showing relentless strength contrary to the market’s weakness. Therefore I added to the position in the RSI portfolio.

Have a good weekend.