The party continued on Wall Street this past week as bullish euphoria carried equity indexes further into uncharted territory; the S&P 500 Index cruised past the 1,650 level while the Dow Jones Industrial Average settled above the 15,300 mark. On the data front, potential signs of weakening fundamentals began to resurface after industrial production and weekly jobless claims came in below expectations, although these releases barely put a minor dent in the bulls’ confidence [see also The Cheapest ETF For Every Investment Objective]. ETF Insider Recommendations Our only pick for this week resulted in a small loss after our stop-loss was triggered following the continuation of the bull run on Wall Street. Last Week’s Actionable ETF Ideas Ticker Position Week Performance XLB Short -1.2% Closed Trade: Short XLB: Down 1.2% This defensive recommendation was mistimed, despite our fundamental analysis being correct. Industrial production data missed the mark this week, but both the industrial and basic materials [...] Click here to read the original article on ETFdb.com. Related Posts: 3 Sector Rotation Strategies ETF Investors Must Know 12 Cheap ETFs Every Trader Must Know The Most Tradable Stock In Each Sector SPDR ETF Charts Are Aligning For XLU Which Sector ETFs Are Cheap?
The party continued on Wall Street this past week as bullish euphoria carried equity indexes further into uncharted territory; the S&P 500 Index cruised past the 1,650 level while the Dow Jones Industrial Average settled above the 15,300 mark. On the data front, potential signs of weakening fundamentals began to resurface after industrial production and weekly jobless claims came in below expectations, although these releases barely put a minor dent in the bulls’ confidence [see also The Cheapest ETF For Every Investment Objective]. ETF Insider Recommendations Our only pick for this week resulted in a small loss after our stop-loss was triggered following the continuation of the bull run on Wall Street. Last Week’s Actionable ETF Ideas Ticker Position Week Performance XLB Short -1.2% Closed Trade: Short XLB: Down 1.2% This defensive recommendation was mistimed, despite our fundamental analysis being correct. Industrial production data missed the mark this week, but both the industrial and basic materials [...]
Click here to read the original article on ETFdb.com.
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