Stocks are off to a mixed start this week as upbeat retail sales data is colliding with a growing urgency to take profit as major U.S. benchmarks drift higher into uncharted territory. Selling pressures were further bolstered by mentions of the Fed’s exit strategy, although fading stimulus hopes are likely to be short-lived judging by the minor dent in investors’ confidence. From a technical perspective, the uptrend on Wall Street remains fully in-tact and any pullbacks are likely to be countered with bargain buying pressures and new entrants waiting on the sidelines for an opportunity to get a piece of the action [see also How To Hedge With ETFs]. Below we outline one new actionable idea that stands to benefit from a potential pullback this week: Actionable ETF Idea: Pro Membership Required to Continue Reading To continue reading this article, you must be an ETFdb Pro member. Please login or begin your 14-day free trial [...] Click here to read the original article on ETFdb.com. Related Posts: 7 Articles ETF Investors Must Read: 5/9 Big Oil, Commodities And Large-Cap Earnings On Tap: IYE, MOO, XLB Tuesday’s ETF Chart To Watch: XLB Ready To Rebound Ahead Of DD Earnings Thursday’s ETF Chart To Watch: XLB On Edge As FCX Reports Daily ETF Roundup: Stocks Close Higher As Earnings Season Kicks Off
Stocks are off to a mixed start this week as upbeat retail sales data is colliding with a growing urgency to take profit as major U.S. benchmarks drift higher into uncharted territory. Selling pressures were further bolstered by mentions of the Fed’s exit strategy, although fading stimulus hopes are likely to be short-lived judging by the minor dent in investors’ confidence. From a technical perspective, the uptrend on Wall Street remains fully in-tact and any pullbacks are likely to be countered with bargain buying pressures and new entrants waiting on the sidelines for an opportunity to get a piece of the action [see also How To Hedge With ETFs]. Below we outline one new actionable idea that stands to benefit from a potential pullback this week: Actionable ETF Idea: Pro Membership Required to Continue Reading To continue reading this article, you must be an ETFdb Pro member. Please login or begin your 14-day free trial [...]
Click here to read the original article on ETFdb.com.
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