June 18, 2011 at 09:55 AM EDT
ETF Insider: A Dead Cat Bounce?
The last week was an up-and-down stretch for global equity markets, as the intensifying crisis in Greece dominated headlines and investors scrambled to analyze the potential fallout from what seems increasingly likely to be a default on sovereign debt obligations. The jump in equity markets–which snapped a six week losing streak–wasn’t really attributable to good news or positive outlooks on either the domestic or international front. Steep sell-offs in recent weeks led to some attractive valuations, prompting bargain hunters to scoop up risky assets that have been pummeled over the last month or so. Actionable ETF Trade Ideas The actionable ETF ideas from Monday’s ETF Insider were based on technical indicators and intended to play out over the next month or so. So far, two of those ideas are off to stellar starts while the third has stumbled out of the gates (potentially creating an even more attractive entry point). [...] Click here to read the original article on ETFdb.com. Related Posts: PowerShares Launches Nine RAFI Style ETFs PowerShares Plans RAFI ETF Push SICK vs. CURE: Direxion Rolls Out Leveraged Health Care ETFs ETF Insider: Looking Overseas For Opportunities May ETF Roundup: Launches, Filings, and Closures
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