Major equity indexes grinned sideways throughout the week with a downward bias as QE3 euphoria faded and looming eurozone debt woes resurfaced. Investors took a step back and gave into profit-taking pressures as it became apparent that the political gridlock in Europe would not be so easily overcome. To top it off, a number of lackluster economic data releases on the homefront added to the list of uncertainties; the Empire state index and weekly jobless claims came in worse than expected, while better-than-expected home builders data offered little relief for investors’ confidence [see Free 7 Simple & Cheap All-ETF Model Portfolios]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance FXY Long +0.8% IYT Short +5.5% VNM Long -2.7% Our picks from Monday’s Insider posted impressive performances during an otherwise flat week on Wall Street. Below, we highlight how our trade ideas fared during the week [sign up for a free trial of [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bulls Running Low On Fuel, Catalyst Needed ETF Insider: Was The Greek Bailout Priced In? ETF Insider: Greece Flirts With Default Daily ETF Roundup: Japan Makes Bold Move Wednesday’s ETF Chart To Watch: CurrencyShares Japanese Yen Trust (FXY)
Major equity indexes grinned sideways throughout the week with a downward bias as QE3 euphoria faded and looming eurozone debt woes resurfaced. Investors took a step back and gave into profit-taking pressures as it became apparent that the political gridlock in Europe would not be so easily overcome. To top it off, a number of lackluster economic data releases on the homefront added to the list of uncertainties; the Empire state index and weekly jobless claims came in worse than expected, while better-than-expected home builders data offered little relief for investors’ confidence [see Free 7 Simple & Cheap All-ETF Model Portfolios]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance FXY Long +0.8% IYT Short +5.5% VNM Long -2.7% Our picks from Monday’s Insider posted impressive performances during an otherwise flat week on Wall Street. Below, we highlight how our trade ideas fared during the week [sign up for a free trial of [...]
Click here to read the original article on ETFdb.com.
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