Major stocks indexes failed to take off despite a plateful of encouraging economic data. Earlier in the week, sour earnings reports kept a tight lid on investors’ confidence, steering attention away from better-than-expected new home sales and weekly jobless claims data. Buyers returned to Wall Street late in the week, although their entrance was fairly tame and without much excitement even after the latest U.S. GDP numbers. Economic growth came in at 2%, blowing away past analyst estimates of 1.7%, as well as the previous reading of 1.3% [see Free 7 Simple & Cheap All-ETF Model Portfolios]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance GDX Long -2.2% QQQ Long -0.4% TLT Long +1.0% Our picks from Monday’s Insider posted lackluster performance results as profit-taking pressures remained dominant on Wall Street all week. Below, we highlight how our trade ideas fared during the week [sign up for a free [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Buy On This Dip With Caution 101 ETF Lessons Every Financial Advisor Should Learn ETF Insider: Beware Of Earnings Volatility Checking In: Top 5 Equity ETFs Of 2010 Ten Best ETF Performers Over The Last Five Years (Including A Few Surprises)
Major stocks indexes failed to take off despite a plateful of encouraging economic data. Earlier in the week, sour earnings reports kept a tight lid on investors’ confidence, steering attention away from better-than-expected new home sales and weekly jobless claims data. Buyers returned to Wall Street late in the week, although their entrance was fairly tame and without much excitement even after the latest U.S. GDP numbers. Economic growth came in at 2%, blowing away past analyst estimates of 1.7%, as well as the previous reading of 1.3% [see Free 7 Simple & Cheap All-ETF Model Portfolios]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance GDX Long -2.2% QQQ Long -0.4% TLT Long +1.0% Our picks from Monday’s Insider posted lackluster performance results as profit-taking pressures remained dominant on Wall Street all week. Below, we highlight how our trade ideas fared during the week [sign up for a free [...]
Click here to read the original article on ETFdb.com.
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