Today in the market, Wednesday July 16, 2008: Stocks were up strong today on falling crude oil prices and Bernanke's positive statements on the GSEs. The S&P500 climbed to +2.51% and the Nasdaq soared to +3.12%. A great day overall as advancing issues topped decliners 74% to 24%. Is this the start so sometime big?..only time will tell. RSI’s Themes: It was a day with only one ETF/CEF pick but many stock picks. Also there was a deluge of 34 falling knives. Okay what are the themes. The CEF pick is a Municipal income fund...a conservative, defensive play. The stock picks have some healthcare stocks and many foreign based companies. And then there are the falling knife gaggle that represent many, if not all, of the beaten down sectors. ETF/CEF Low Volatility: PIF - Insured Muni Incm Fund This closed end fund pays a yield of 4.58% federal tax free. Not too shabby. Stocks Medium Volatility: ACC - American Campus Communities Inc. BKC - Burger King Holdings Inc. COST - Costco Wholesale Corp. COV - Covidien Ltd. FMX - Fomento Econmico Mexicano SAB HCN - Health Care REIT, Inc. PDA - Perdigao S.A. SBS - Companhia de Saneamento Stocks High Volatility: HIL - Hill International Inc. Stock Picks New to RSI: American Campus Communities, Inc. (ACC) , a real estate investment trust (REIT), engages in the acquisition, design, finance, development, lease, and management of student housing properties in the United States. Health Care REIT , Inc. is an equity real estate investment trust. The firm engages in investment, development, and management of properties. It primarily invests in health care properties. ETF/CEF Catch a Falling Knife: BIF Boulder Growth & Income Fund, Inc. DGG WisdomTree Intl Communications Sector Fund DHS Wisdom Tree High Yielding Equity Fund DNH Wisdom Tree Pacific Ex Japan High Yielding Equity DRF WisdomTree Intl Financial Sector Fund EWM Malaysia iShares EWS Singapore iShares FDL First Trust Morningstar Dividend Index Fund FDM First Trust Dow Jones Select Micro Cap Index FDN First Trust Dow Jones Internet Index Fund GAF SPDR S&P Emerging Middle East And Africa HHH Internet Holders IF Indonesia Fund, Inc. IFN India Fund, Inc. IIF Morgan Stanley Dean Witter India INP iPath MSCI India ETN IWM Russell 2000 iShares IXN iShares S&P Global Information Technology Sector IXP iShares S&P Global Telecommunications Sector Index Fund IYK Consumer Non-Cyc JKJ iShares Morningstar Small Core Index Fund KXI iShares S&P Global Consumer Staples Sector Index Fund ONEQ Fidelity Nasdaq Composite Index Fund (OneQ) PHJ PowerShares High Growth Rate Dividend Acheivers Portfolio PMR PowerShares Dynamic Retail Portfolio PRFQ PowerShares FTSI RAFI Telecommunications & Technology Sector Portfolio PWT Powershares Dynamic Small Cap PZI Powershares Zacks Microcap Index QQXT First Trust NASDAQ-100 Ex-Technology Index Fund RZG Rydex S&P Small Cap 600 Pure Growth SMH Semiconductor Holders VNQ Vanguard REIT VIPERs VOX Vanguard Telecommunication Services VIPERs XHB SPDR S&P Homebuilders Index ETF For the sake of brevity, I'll omit the charts for these 34 funds. Take your pick if you are into bottom fishing,,,there are some interesting sectors and market niches in this mix. Happy hunting!