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Tuesday’s ETF To Watch: Ultra DJ-UBS Crude Oil (UCO)
May 08, 2012 at 04:00 AM EDT
May has gotten off to a rocky start as stocks had a rough close last week after sour employment data. Though the unemployment rate dropped to 8.1%, hiring in April slowed suggesting that the dip in unemployment was not due to more people finding jobs but to more people exiting the labor force. After one of the strongest opening quarters in more than a decade, it seems as if stocks are beginning to head south and repeat the performance of 2011 when major benchmarks burned out after a strong start. With earnings season just about over, investors will now have to focus on economic data and trends for their next big trading opportunity [see also How To Profit From Rising Gasoline Prices]. With that in mind, crude oil represents a big opportunity in today’s markets, as its price has been tanking as of late. Crude has lost more than 8% [...] Click here to read the original article on ETFdb.com. Related Posts: Pipeline Worries Give Oil ETFs A Boost What Oil ETF Cash Flows Tell Us About Crude Prices Finding The Right Oil ETF For A Crude Rally
May has gotten off to a rocky start as stocks had a rough close last week after sour employment data. Though the unemployment rate dropped to 8.1%, hiring in April slowed suggesting that the dip in unemployment was not due to more people finding jobs but to more people exiting the labor force. After one of the strongest opening quarters in more than a decade, it seems as if stocks are beginning to head south and repeat the performance of 2011 when major benchmarks burned out after a strong start. With earnings season just about over, investors will now have to focus on economic data and trends for their next big trading opportunity [see also How To Profit From Rising Gasoline Prices]. With that in mind, crude oil represents a big opportunity in today’s markets, as its price has been tanking as of late. Crude has lost more than 8% [...]
