TSX Energy prints a first 52 week high

There are two basic rules for the new 52 week high/low list. The first new 52 week high will not be the last - and the first new 52 week low will not be the last. Today I see both the BMO Junior Oil Index ETF (ZJO) and the iShares S&P/TSX Capped Energy ETF (XEG) posting new 52 week highs

According to BMO, “The BMO Junior Oil Index ETF has been designed to replicate, to the extent possible, the performance of the Dow Jones North America Select Junior Oil Index, net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index.”

In any event the smaller cap ZJO leads the larger cap XEG so watch for the lagging XEG to play catch up and break up above the old September 2012 high.