Bullish momentum cooled off a bit last week thanks to sparse economic data releases and lingering profit taking pressures. Investors fretted over worse-than-expected data from the housing market on the home front, while slowdowns in manufacturing across Europe and China also added to the list of uncertainties. Despite relative weakness in the stock market, gold prices posted a lackluster performance; the precious metal oscillated between minor gains and losses for most of the week, managing to end the week right near $1,660 an ounce. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance FXI Long -1.8% FXE Long +0.8% AGG Long +0.4% Our picks from Monday’s Insider posted a mixed performance as one of our long recommendation turned sour, eating away at the profits from our other two trades. Below, we highlight how our trade ideas fared during the week [sign up for a free trial of ETFdb Pro to get [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: No Rest For The Bulls ETF Insider: Euro Woes Weigh On Earnings Three ETFs To Watch This Week: ALUM, FXE, FXI ETF Insider: Stay On The Defense When Bigger Isn’t Better: Profiling ETF Alternatives To DJP, FXI, GLD
Bullish momentum cooled off a bit last week thanks to sparse economic data releases and lingering profit taking pressures. Investors fretted over worse-than-expected data from the housing market on the home front, while slowdowns in manufacturing across Europe and China also added to the list of uncertainties. Despite relative weakness in the stock market, gold prices posted a lackluster performance; the precious metal oscillated between minor gains and losses for most of the week, managing to end the week right near $1,660 an ounce. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance FXI Long -1.8% FXE Long +0.8% AGG Long +0.4% Our picks from Monday’s Insider posted a mixed performance as one of our long recommendation turned sour, eating away at the profits from our other two trades. Below, we highlight how our trade ideas fared during the week [sign up for a free trial of ETFdb Pro to get [...]
Click here to read the original article on ETFdb.com.
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