ETF Insider: No Job Hopes For Wall Street Bulls
Stocks plunged on Friday as investors found little reassurance in President Obama’s most recent proposal to Congress to stimulate the U.S. economy. Similar to the approaches used in 2009, President Obama’s new plan is more of the same old, including tax cut proposals, aid to state and local governments, and more infrastructure spending. European debt-woes continue to escalate, giving investors more reasons to stay on the sidelines as the outlook for the global economy remains gloomy. Persistent uncertainty in the markets has been paving the way higher for gold, and the precious metal surged to a new record high of $1,923 an ounce on Tuesday. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance IYT Short -1.6% KXI Long +0% GXF Long -2% Our ideas from Monday’s Insider were a mixed bag this week as volatility swept through the markets yet again. Our technical analysis of KXI [...] Click here to read the original article on ETFdb.com. Related Posts: QuantShares Debuts Market Neutral ETFs ETF Insider: Stocks Pop On Job Hopes ETF Insider: Caution, Bumpy Trading Ahead Global X Files For Five More Sector ETFs Thursday’s ETF To Watch: Dow Jones Transportation Average Index Fund
Stocks plunged on Friday as investors found little reassurance in President Obama’s most recent proposal to Congress to stimulate the U.S. economy. Similar to the approaches used in 2009, President Obama’s new plan is more of the same old, including tax cut proposals, aid to state and local governments, and more infrastructure spending. European debt-woes continue to escalate, giving investors more reasons to stay on the sidelines as the outlook for the global economy remains gloomy. Persistent uncertainty in the markets has been paving the way higher for gold, and the precious metal surged to a new record high of $1,923 an ounce on Tuesday. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance IYT Short -1.6% KXI Long +0% GXF Long -2% Our ideas from  Monday’s Insider were a mixed bag this week as volatility swept through the markets yet again. Our technical analysis of KXI [...]

Click here to read the original article on ETFdb.com.

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