Euphoria Simmers Before U.S. GDP

by on December 21, 2011 | ETFs Mentioned:

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

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