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market call

John Hood is president and portfolio manager of J.C. Hood Investment Counsel. His focus is on exchange traded funds and options.



Top Picks:



iShares S&P 500 Index Fund CAD-Hedged

I have been bullish on the U.S. recovery throughout the recent volatility, hence the ishares XSP, which is in all of my portfolios. I do, however, also like the BMO Dow Jones Industrial Average hedged ETF , which is BMOs covered call on the Dow. It should mollify some volatility and generate income.

BMO Equal Weight Global Base Metals Hedged to CAD Index ETF

I also like ZMT, which is base metals futures - copper 35%; zinc, nickel and aluminum at about 15-20% each.

Claymore China ETF

CHI and also BMO's ZCH are China based. Both offer domestic as well as export-oriented companies and I believe that Chinese consumer demand will continue to be high.



Past Picks: Jan. 28, 2011



BMO NASDAQ 100 Hedged to CAD Index ETF

Then: $17.60

Now: $19.46

Total return: +11.28%



iShares CDN S&P/TSX 60 Index Fund

Then: $19.35

Now: $18.02

Total return: -4.66%



iShares CDN S&P/TSX Capped Energy Index Fund

Then: $20.76

Now: $18.01

Total return: -11.74%



Total Return Average: -1.70%



OUTLOOK

After this recent run up we've seen in the markets, I expect a pullback. However, I regard this as a buying opportunity.



See the full interview here



Compiled by Franklin Cameron, BNN Market Call Tonight

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Also see:

3 top stock picks from Toron's Charles Lannon

3 top stock picks from Macquarie's Mike Newton

3 top stock picks from portfolio manager David Baskin

3 top stock picks from technical analyst Bill Carrigan