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Dynamic Growth ETF Portfolio NEW BUYS: None NEW SELLS: None SWITCHES: Back to Top 10: EWM: MSCI Malaysia (Free) Index- .507 To Honorable Mention: OIH: Oil Services HOLDRS- .373 Here are our Top 10 ETF's for the week of October 29th: 1) PGJ: PS Golden Dragon China Fund- .801 2) FXI- iShares FTSE/Xinhua China 25- .788 3) EEB: Claymore ETF BNY BRIC- .639 4) ITA- iShares DJ Aerospace & Defense-.589 5) IAH- Internet Architecture HOLDRs Trust-.554 6) IXP: Telecommunications Sector Index Fund- .550 7) PPA- PS Aerospace & Defense- .519 8) EWM: MSCI Malaysia (Free) Index- .507 9) EWS: iShares MSCI Singapore (Free) Index Fund-.474 10) IHI- DJ Medical Devices- .381 Charts of our Top 10 ETF's Honorable Mentions: OIH: Oil Services HOLDRS- .373 The Week in Review: The stock market closed the week on a strong note as earnings from Microsoft (MSFT) and reassuring comments from Countrywide Financial (CFC) helped to drive the markets higher. Countrywide, the biggest U.S. mortgage lender said it would return to profitability in the fourth quarter of this year. The Countrywide news also helped to spark a rally in the extremely oversold financial sector. Many high quality bank stocks reversed an ugly downtrend to close higher on the day. Oversold Major Banks Merrill Lynch closed up 5.19 at 66.09, its biggest gain in five years, after reports that chief executive Stanley O'Neal will lose his job. Merrill Lynch took an $8.4 billion write-down from losses incurred in collateralized debt obligations (CDOs). Treasury Secretary Henry Paulson is trying to create a $100 billion "superfund" to help banks with their credit problems, and investors began fleeing stocks of many U.S. banks in fears that more bad news is in the cards. Energy stocks reversed their brief downtrend as the price of oil briefly broke above $92 per barrel for the first time ever. On top of all of the supply and demand issues, the US has to contend with a Turkish invasion in Northern Iraq, as well as the new sanctions placed on Iran. Major Integrated Oils Gold were higher as the dollar dropped to a record low versus the euro. The expectations remain that the Federal Reserve rate will cut interest rates next week. The Fed bases its stance on inflation based on the CPI data, and frankly, the Gold, Energy, and Currency markets are signaling that the data is no longer an accurate measure of inflation. In any event, the FOMC meeting Oct. 30/31 is expected to result in a 25 basis point cut in fed funds.

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