ETFdb Analyst Picks: Fiscal Cliff Woes Are Here To Stay
No mercy on Wall Street. Post-election profit taking pressures continue to overpower bullish bargain shoppers as “fiscal cliff” worries have taken center stage. Amid growing fears over looming tax-hikes, escalating tensions in the Middle East between Israel and Palestine have only added to the clouds of uncertainty plaguing the global economic outlook. The S&P 500 Index has managed to sink below our outlined level at 1,375 and is now fighting to stay above the next major support which comes in at around 1,350 [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 -7.01% Performance Recap The utilities sector has been by far one of the worst performers following [...] Click here to read the original article on ETFdb.com. Related Posts: ETFdb Analyst Picks: Buy On This Dip With Caution ETF Insider: Flat And Thin ETF Insider: Bulls Look To Data Before Resuming Rally AdvisorShares Rolls Out SectorSAM ETF (SSAM) Dividend ETF Special: 25 Equity ETFs With Attractive Distribution Yields
No mercy on Wall Street. Post-election profit taking pressures continue to overpower bullish bargain shoppers as “fiscal cliff” worries have taken center stage. Amid growing fears over looming tax-hikes, escalating tensions in the Middle East between Israel and Palestine have only added to the clouds of uncertainty plaguing the global economic outlook. The S&P 500 Index has managed to sink below our outlined level at 1,375 and is now fighting to stay above the next major support which comes in at around 1,350 [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 -7.01% Performance Recap The utilities sector has been by far one of the worst performers following [...]

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

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