Largecap Value = ELV

Largecap Growth = ELG

Midcap Value = IWS

Midcap Growth = IWP

Smallcap Value = DSV

Smallcap Growth = DSG

Since 1Q03, the relative winners are:
1. IWS
2. DSG
3. IWP
4. DSV
5. ELV
6. ELG

So Value was 1st, 4th and 5th best. Growth was 2nd, 3rd, and 6th best.

Largecap was 5th and 6th best. Midcap was 1st and 3rd best. Smallcap was 2nd and 4th best.

One look at the comparative charts indicates that there were clear winners and losers during this bull market.

Here are the Monthly data charts of the Growth and Value Funds that I monitor. US Growth vs Value Stocks Index Funds -Inclusive

As you know, I monitor the RSI and MACD technical indicators to help me assess the prospects for market timing of entry and exit points.

I thought I'd look into this aspect of the market today because there are frequent TH's on Financial Entertainment TV (i.e., CNBC) that are telling you they know that the type of fund they are pushing is out-performing the rest. I haven't seen any offer of proof.

One notable move is that Growth Funds out-perform Value Funds during market bull phases. Since May 2005 (a very short period), Value Funds have out-performed.

Another point worthy of mention is that if you go to the AMEX website (www.amex.com), you can find the component stocks of each of these Funds. If you are thinking of buying or selling, it makes sense to look at the market timing aspects of the key stocks in that Fund.