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ETFdb Analyst Picks: Surviving The Storm
October 31, 2012 at 13:12 PM EDT
Trading on Wall Street has finally resumed after a prolonged weekend due to hurricane Sandy, prompting the closure of the New York Stock Exchange on Monday and Tuesday. Surprisingly, major equity benchmarks avoided volatile price swings at the open this morning despite the shortened trading week ahead of Friday’s key jobs report. From a technical perspective, immediate support for the S&P 500 Index remains at 1,400, along with near-term resistance at the 1,420 level [see Free 7 Simple & Cheap All-ETF Portfolios]. Analyst Recommendations Below, we highlight how the ETFdb Analyst Picks have been performing, noting any important fundamental catalysts while also keeping an eye on key technical levels for our recommendations: ETFdb Analyst Pick #1: Long XLU Utilities Select Sector SPDR Recommended Price $36.76 Current Performance +0.3% Performance Recap Since recommendation, this position has oscillated back-and-forth, resulting in only a minimal gain as of today. From a fundamental perspective, the prevailing landscape remains [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Trading on Wall Street has finally resumed after a prolonged weekend due to hurricane Sandy, prompting the closure of the New York Stock Exchange on Monday and Tuesday. Surprisingly, major equity benchmarks avoided volatile price swings at the open this morning despite the shortened trading week ahead of Friday’s key jobs report. From a technical perspective, immediate support for the S&P 500 Index remains at 1,400, along with near-term resistance at the 1,420 level [see Free 7 Simple & Cheap All-ETF Portfolios]. Analyst Recommendations Below, we highlight how the ETFdb Analyst Picks have been performing, noting any important fundamental catalysts while also keeping an eye on key technical levels for our recommendations: ETFdb Analyst Pick #1: Long XLU Utilities Select Sector SPDR Recommended Price $36.76 Current Performance +0.3% Performance Recap Since recommendation, this position has oscillated back-and-forth, resulting in only a minimal gain as of today. From a fundamental perspective, the prevailing landscape remains [...]
