Wall Street ended Friday on a shaky note, although bullish momentum throughout the week pushed major indexes into positive territory. Investors digested a better-than-expected consumer confidence report coupled with robust GDP results; economic growth on the home front came in at 3%, which helped to clear up the clouds of uncertainty looming over ongoing recovery efforts. Ben Bernanke surprised investors on Wednesday after the Fed Chairman made no hints of an upcoming round of stimulus, which sparked a sell-off in the gold futures market [see Gold Hits Resistance, Time To Worry?]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance IYR Long +0.2% XME Long -3.6% EZA Short -3.5% Our picks from Monday’s Insider posted a lackluster performance this past week as our trade recommendations drifted lower, failing to build up the momentum that we had anticipated. Below, we highlight how our trade ideas fared during the [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Will Economic Data Derail The Bull Train? Five ETFs With Surprising Turnover Wednesday’s ETF To Watch: Dow Jones U.S. Real Estate Index Fund (IYR) iShares Rolls Out Commodity-Focused Equity ETFs AdvisorShares Rolls Out Global Opportunities ETF (ACCU)
Wall Street ended Friday on a shaky note, although bullish momentum throughout the week pushed major indexes into positive territory. Investors digested a better-than-expected consumer confidence report coupled with robust GDP results; economic growth on the home front came in at 3%, which helped to clear up the clouds of uncertainty looming over ongoing recovery efforts. Ben Bernanke surprised investors on Wednesday after the Fed Chairman made no hints of an upcoming round of stimulus, which sparked a sell-off in the gold futures market [see Gold Hits Resistance, Time To Worry?]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance IYR Long +0.2% XME Long -3.6% EZA Short -3.5% Our picks from Monday’s Insider posted a lackluster performance this past week as our trade recommendations drifted lower, failing to build up the momentum that we had anticipated. Below, we highlight how our trade ideas fared during the [...]
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