The bulls kicked off trading on Wall Street, but the bears certainly got the last laugh as major indexes settled just about where they started the week by Friday’s closing bell. Encouraging retail sales and housing market data collided with an uptick in weekly jobless claims along with a string of sour earnings from bellwethers like IBM, Google and Chipotle. From a technical perspective, the S&P 500 Index failed to settle above the 1,470 level for a third time in the past two months, opening up the doors to profit-taking pressures [see Free 7 Simple & Cheap All-ETF Model Portfolios]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance KRE Long -1.1% SPLV Long +0.6% EWY Long -0.1% Our picks from Monday’s Insider posted a negative performance results during an otherwise up-down week on Wall Street. Below, we highlight how our trade ideas fared during the week [sign up [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Support Levels In Sight Direxion Files For Non-Leveraged ETFs PowerShares Adds High Dividend ETF Replacements For Disappearing ETFs First Trust Debuts “Tail Hedge” S&P 500 ETF (VIXH)
The bulls kicked off trading on Wall Street, but the bears certainly got the last laugh as major indexes settled just about where they started the week by Friday’s closing bell. Encouraging retail sales and housing market data collided with an uptick in weekly jobless claims along with a string of sour earnings from bellwethers like IBM, Google and Chipotle. From a technical perspective, the S&P 500 Index failed to settle above the 1,470 level for a third time in the past two months, opening up the doors to profit-taking pressures [see Free 7 Simple & Cheap All-ETF Model Portfolios]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance KRE Long -1.1% SPLV Long +0.6% EWY Long -0.1% Our picks from Monday’s Insider posted a negative performance results during an otherwise up-down week on Wall Street. Below, we highlight how our trade ideas fared during the week [sign up [...]
Click here to read the original article on ETFdb.com.
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