ETF Insider: Don’t Try To Catch The Falling Knife
Investors endured a painful week of profit-taking on Wall Street as post-election worries over the looming “fiscal cliff” have taken center stage. Overseas, European policymakers did what they do best: kick the can down the road. Finance ministers from the currency bloc agreed to postpone Greek austerity talks yet again, giving an extension through November 20. At home, weekly jobless claims came in above expectations as Hurricane Sandy took its toll on the domestic labor market recovery [see Free 7 Simple & Cheap All-ETF Model Portfolios]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance IYT Long -1.3% GDX Long -3.4% XLF Long -2.1% Our picks from Monday’s Insider posted sour performance results as profit-taking pressures reigned supreme on Wall Street throughout the entire week. Below, we highlight how our trade ideas fared during the week [sign up for a free trial of ETFdb Pro to get actionable ETF ideas every Monday, [...] Click here to read the original article on ETFdb.com. Related Posts: This Week In ETFs: November 20th Edition ETF Insider: Fiscal Cliff Woes Set Volatile Tone Daily ETF Roundup: XLF Posts Another Big Gain, GDX Tumbles On Weak Canadian Jobs August ETF Stats: Keeping The Winning Streak Alive (Just Barely) Daily ETF Roundup: GDX Surges As Gold Soars, XLF Slumps On Goldman Worries
Investors endured a painful week of profit-taking on Wall Street as post-election worries over the looming “fiscal cliff” have taken center stage. Overseas, European policymakers did what they do best: kick the can down the road. Finance ministers from the currency bloc agreed to postpone Greek austerity talks yet again, giving an extension through November 20. At home, weekly jobless claims came in above expectations as Hurricane Sandy took its toll on the domestic labor market recovery [see Free 7 Simple & Cheap All-ETF Model Portfolios]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance IYT Long -1.3% GDX Long -3.4% XLF Long -2.1% Our picks from Monday’s Insider posted sour performance results as profit-taking pressures reigned supreme on Wall Street throughout the entire week. Below, we highlight how our trade ideas fared during the week [sign up for a free trial of ETFdb Pro to get actionable ETF ideas every Monday, [...]

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

Related Posts:

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here