Two words come to mind when trying to describe market activity on Wall Street this past week: flat and thin. Major indexes traded sideways as fears from Europe sparked mini sell-offs one day, while encouraging data on the homefront helped stocks recover lost ground the next. Trading volumes also remain very thin, leading many to worry that the recent run-up on Wall Street could be due for a sour correction at the first sign of resurfacing uncertainties. Bernanke’s speech at Jackson Hole didn’t do much for markets as the Chairman reiterated the Fed’s position to hold off from further stimulus measures until deemed necessary [see also How To Pick The Right ETF Every Time]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance UUP Long -0.4% BTAL Long +0.1% XLU Long -0.7% Our picks from Monday’s Insider posted a lackluster performance as two of them ended up in [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bulls Look To Data Before Resuming Rally ETF Insider: Fed Offers No Relief ETF Insider: Momentum Hinges On ECB Hopes ETF Insider: Data Back In Focus As Stimulus Hopes Fade AdvisorShares Rolls Out SectorSAM ETF (SSAM)
Two words come to mind when trying to describe market activity on Wall Street this past week: flat and thin. Major indexes traded sideways as fears from Europe sparked mini sell-offs one day, while encouraging data on the homefront helped stocks recover lost ground the next. Trading volumes also remain very thin, leading many to worry that the recent run-up on Wall Street could be due for a sour correction at the first sign of resurfacing uncertainties. Bernanke’s speech at Jackson Hole didn’t do much for markets as the Chairman reiterated the Fed’s position to hold off from further stimulus measures until deemed necessary [see also How To Pick The Right ETF Every Time]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance UUP Long -0.4% BTAL Long +0.1% XLU Long -0.7% Our picks from Monday’s Insider posted a lackluster performance as two of them ended up in [...]
Click here to read the original article on ETFdb.com.
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