This document provides a summary of momentum trends for various stock market indexes over the past 5 weeks. The Dow Jones Industrial Average, S&P 500, and NASDAQ indexes showed positive momentum in the United States. In Europe, momentum was declining for indexes in Austria, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, and Switzerland according to the MSCI country indexes. The UK according to the MSCI United Kingdom index was fluctuating.

1. ON THE WAY UP

2. Quacera L.L.C.
New Perspectives for Investment Decisions
April 14, 2012
Quacera Daily ETF Momentum Summary
5 week momentum momentum trend-line
Market Indexes Momentum Summary
DJIA SP500 NASDAQ
5.00 6.00 9.00
8.00
4.00 5.00
7.00
4.00 6.00
3.00 5.00
3.00
4.00
2.00
2.00 3.00
1.00 2.00
1.00
1.00
0.00 0.00 0.00
1-Mar 8-Mar 15-Mar 22-Mar 29-Mar 5-Apr 14-Apr 1-Mar 8-Mar 15-Mar 22-Mar 29-Mar 5-Apr 14-Apr 1-Mar 8-Mar 15-Mar 22-Mar 29-Mar 5-Apr 14-Apr
ON THE WAY DOWN
European Countries Momentum Summary
MSCI Austria (EWO) MSCI Belgium (EWK) MSCI France (EWQ)
10 7 6
9
6 5
8
7 5
4
6
4
5 3
4 3
2
3 2
2 1
1
1
0 0 0
1-Mar 15-Mar 29-Mar 14-Apr 1-Mar 15-Mar 29-Mar 14-Apr 1-Mar 15-Mar 29-Mar 14-Apr
MSCI Germany (EWG) MSCI Italy (EWI) MSCI Netherlands (EWN)
8
9 9
8 7
8
7 6 7
6 5 6
5 4 5
4 3 4
3 3
2
2 2
1
1 1
0
0 0
1-Mar 15-Mar 29-Mar 14-Apr
1-Mar 15-Mar 29-Mar 14-Apr 1-Mar 15-Mar 29-Mar 14-Apr
MSCI Spain (EWP) MSCI Sweden (EWD) MSCI Switzerland (EWL)
8 7 6
7 6
5
5
6
4 4
5 3
4 2 3
3 1
0 2
2
-1 1
1 -2
0 -3 0
1-Mar 15-Mar 29-Mar 14-Apr 1-Mar 15-Mar 29-Mar 14-Apr 1-Mar 15-Mar 29-Mar 14-Apr
MSCI United Kingdom (EWU)
8
7
6 s
5
4
3
2
1
0
-1
1-Mar 15-Mar 29-Mar 14-Apr
.
Questions or comments? E-mail us at glenn@quacera.com or Call (916) 503-1539
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