ETF Insider: The Start Of A Correction?
Profit taking pressures swept over Wall Street this past week as the bulls retreated following the latest FOMC meeting. Investors started to scale back on their risk exposure early in the week after the Fed made no hints of an upcoming round of stimulus; with no mention of QE3, investors gave into broad-based selling pressures, demonstrating their concerns that the economic recovery is still far too fragile to sustain itself organically. Given the stellar bull-run so far this year, it shouldn’t come as much of a surprise to see markets turn lower next week again, seeing as how many have been anticipating for a healthy correction to take place. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance KOL Long -0.7% XHB Short +1.1% XLE Long -1.5% Our picks from Monday’s Insider posted a mixed performance as a winning short trade wasn’t enough to cover the losses from our two [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: The Uptrend Remains For Now ETF Insider: Progress In Greece Will Tip Markets Daily ETF Roundup: XLE Surges, XHB Tumbles FocusShares Turns One Year Old ETF Insider: Do Fundamentals Justify The Wall Street Rally?
Profit taking pressures swept over Wall Street this past week as the bulls retreated following the latest FOMC meeting. Investors started to scale back on their risk exposure early in the week after the Fed made no hints of an upcoming round of stimulus; with no mention of QE3, investors gave into broad-based selling pressures, demonstrating their concerns that the economic recovery is still far too fragile to sustain itself organically. Given the stellar bull-run so far this year, it shouldn’t come as much of a surprise to see markets turn lower next week again, seeing as how many have been anticipating for a healthy correction to take place.  Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance KOL Long -0.7% XHB Short +1.1% XLE Long -1.5% Our picks from Monday’s Insider posted a mixed performance as a winning short trade wasn’t enough to cover the losses from our two [...]

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

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