After starting the week in a hole, domestic equity indexes have been working hard to reclaim lost ground over the past two days. Euro zone woes continue to weigh down on the markets although recent lending measures by the ECB ought to help ease investor worries. Wall Street was fairly quiet as equities drifted sideways with a downward bias before the U.S. GDP release tomorrow, showcasing the high levels of uncertainty still plaguing the market. Investors will look to end the week on a positive note before the extended holiday weekend, with many hoping for a classic Santa Claus rally amidst the gloomy economic landscape.
Checking In: Trading Ideas
This week, our technical trading ideas included long recommendations in a commodity-producers ETF, an energy sector fund, and a domestic homebuilders ETF. Below, we highlight how our trade recommendations from Monday’s Insider have been holding up this week:
Trading Idea #1: Long GDX
Pro Membership Required to Continue ReadingTo continue reading this article, you must be an ETFdb Pro member. Please login or begin your 14-day free trial to continue reading. There are several benefits to becoming an ETFdb Pro member today:
- Access to 50+ All-ETF model portfolios. Whether you're a long-term, buy-and-hold investor or a more active trader looking to establish a tactical position, our collection of ETFdb Portfolios has something for everyone.
- ETFdb Realtime Ratings show you exactly where each fund stacks up next to the competition. Get objective, in-depth, custom research on every ETF.
- Pro members have Unlimited Excel Download capabilities across the entire database; users can easily download more than 200 data filled paged and also export results to Microsoft Excel from every tool.
- Get ETF Picks of the Month. For active investors seeking ETF investment ideas, our team analyzes technical and fundamental price drivers of more than 1,400 ETFs to identify both short and longer-term opportunities with a focus on absolute returns. Recommendations are actionable investment ideas that are poised for outperformance over the next week to 90 days.