Wall Street started the week on a fairly weak note as investor worries regarding the health of the Euro zone resurfaced over the weekend. Equity indexes plunged further on Tuesday, although the bulls came charging to the rescue in the last hour of trading, sparking a strong, heavy-volume rally to end the trading session. Volatility looms in the background as investor confidence has not yet been fully restored thanks to European debt-woes dominating news headlines. Gold prices remain range-bound, although the precious metal is holding support above $1,600 an ounce and appears poised for a rebound in the coming days.
Checking In: Trading Ideas
This week, our technical trading ideas included long/short recommendations in two popular domestic sector funds, while our third fundamental pick focused on one of the best performing corners of the bond market this year. Below, we highlight how our trade recommendations from Monday’s Insider have been holding up this week:
Trading Idea #1: Short IYT
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