ETF Insider: Optimism Bolsters Indexes Above Key Support
Looming worries over Europe’s debt burden coupled with “fiscal cliff” woes at home encouraged another week of choppy trading, although optimism ultimately prevailed and major equity benchmarks held onto gains as Friday’s closing bell rang. Investors’ confidence improved after the latest U.S. GDP reading came in at 2.7%, marking a healthy increase from the previous growth rate of 2.0%. From a technical perspective, the Dow Jones Industrial Average and Nasdaq both managed to settle just barely above their respective 200-day moving average, with the S&P 500 leading the way higher [see Free 7 Simple & Cheap All-ETF Model Portfolios]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance XLU Long +3.9% ECH Long +0.6% DBB Long +3.9% Our picks from Monday’s Insider posted positive performance results as profit-taking pressures cooled off and bargain buyers swooped in on Wall Street throughout the entire week. Below, we highlight how our trade [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Debt Drama Spoils Confidence Daily ETF Roundup: Excitement Simmers On Mixed News Daily ETF Roundup: Bargain Shopping Euphoria Sparks Rally Daily ETF Roundup: Another Day, Another Sell-Off Daily ETF Roundup: Stocks Sink, Greece Cuts A Deal
Looming worries over Europe’s debt burden coupled with “fiscal cliff” woes at home encouraged another week of choppy trading, although optimism ultimately prevailed and major equity benchmarks held onto gains as Friday’s closing bell rang. Investors’ confidence improved after the latest U.S. GDP reading came in at 2.7%, marking a healthy increase from the previous growth rate of 2.0%. From a technical perspective, the Dow Jones Industrial Average and Nasdaq both managed to settle just barely above their respective 200-day moving average, with the S&P 500 leading the way higher [see Free 7 Simple & Cheap All-ETF Model Portfolios]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance XLU Long +3.9% ECH Long +0.6% DBB Long +3.9% Our picks from Monday’s Insider posted positive performance results as profit-taking pressures cooled off and bargain buyers swooped in on Wall Street throughout the entire week. Below, we highlight how our trade [...]

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

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