Low trading volumes permeated markets and our prediction that no news could be good news turned out to be spot on as the bulls edged higher all week, taking advantage of the clear front. Investors did catch a glimpse of improving sentiment as Germany expressed its support for the ECB’s initiative to step up purchases of government bonds for the more fragile eurozone member nations. Better-than-expected data releases on the homefront including jobless claims and a shrinking trade deficit kept the bulls on track, although low trading volume environments can be deceiving as sentiment is easily swayed in either direction [see also 5 Plays In The Beaten Down Energy Sector]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance XLY Short -1.4% IHF Long +3.1% GLD Long +0.8% Our picks from Monday’s Insider posted solid results as profits from our two winning recommendations overshadowed our losing pick. Below, [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: No News Could Be Good News ETF Insider: Markets In Limbo Nine Twists On Sector ETF Investing This Week In ETFs: October 16th Edition ETFs To Play Along With Soros, Paulson, and Fournier
Low trading volumes permeated markets and our prediction that no news could be good news turned out to be spot on as the bulls edged higher all week, taking advantage of the clear front. Investors did catch a glimpse of improving sentiment as Germany expressed its support for the ECB’s initiative to step up purchases of government bonds for the more fragile eurozone member nations. Better-than-expected data releases on the homefront including jobless claims and a shrinking trade deficit kept the bulls on track, although low trading volume environments can be deceiving as sentiment is easily swayed in either direction [see also 5 Plays In The Beaten Down Energy Sector]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance XLY Short -1.4% IHF Long +3.1% GLD Long +0.8% Our picks from Monday’s Insider posted solid results as profits from our two winning recommendations overshadowed our losing pick. Below, [...]
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