Stocks finally digested some of the stellar gains seen year-to-date after the latest FOMC minutes rattled investor confidence. During Chairman Bernanke’s testimony to Congress last week, it became clear that the Fed is discussing potential exit strategies, which inevitability sent a wave of worry across Wall Street as stimulus hopes faded away. U.S. equities took a dive in the second-half of the week, although bargain buyers helped to recover some lost ground on Friday after durable goods orders data came in better-than-expected [see also The Cheapest ETF For Every Investment Objective]. ETF Insider Recommendations Our Asia Pacific pick took a turn for the worst as selling pressures in Japan spilled over into the Aussie equity market, which also prompted us to take profits in our XLU position ahead of the prolonged holiday weekend. Last Week’s Actionable ETF Ideas Ticker Position Week Performance EWA Long -1.5% XLU Long +8.8% Closed Trade: Long EWA: [...] Click here to read the original article on ETFdb.com. Related Posts: How To Use A Pairs Trading Strategy With ETFs Daily ETF Roundup: DXJ Tumbles After Nikkei Freefall, XLU Slumps ETF Insider: Asia Pacific Country Fund Looks Ripe For Rebound, Gold Offers A Hedge ETF Insider: Bull Run Continues, Short Trade Gets Stopped Out Daily ETF Roundup: YCS Pops On Weaker Yen, XLU Slides Alongside Utilities
Stocks finally digested some of the stellar gains seen year-to-date after the latest FOMC minutes rattled investor confidence. During Chairman Bernanke’s testimony to Congress last week, it became clear that the Fed is discussing potential exit strategies, which inevitability sent a wave of worry across Wall Street as stimulus hopes faded away. U.S. equities took a dive in the second-half of the week, although bargain buyers helped to recover some lost ground on Friday after durable goods orders data came in better-than-expected [see also The Cheapest ETF For Every Investment Objective]. ETF Insider Recommendations Our Asia Pacific pick took a turn for the worst as selling pressures in Japan spilled over into the Aussie equity market, which also prompted us to take profits in our XLU position ahead of the prolonged holiday weekend. Last Week’s Actionable ETF Ideas Ticker Position Week Performance EWA Long -1.5% XLU Long +8.8% Closed Trade: Long EWA: [...]
Click here to read the original article on ETFdb.com.
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