Euro Fears Overshadow Domestic Recovery

by on November 16, 2011 | ETFs Mentioned:

Equity markets remain plagued with volatility as Euro zone debt woes weigh down on investors’ confidence. Uncertainty stemming from the debt burdened currency bloc continues to dominate headlines all over the globe as investors anxiously await for EU leaders to bring forth a comprehensive plan that ensures the region won’t succumb to a potentially devastating financial crisis. Prospects for the U.S. economic recovery are slowly improving following a better-than-expected retail sales report, which paved the way higher for domestic equity indexes on Tuesday. Gold prices remain range-bound between $1,750 and $1,800 an ounce, while crude oil on the other hand has been charging full steam ahead. Prices for the precious fossil fuel have soared over the past few weeks, and crude oil futures closed above the $101 a barrel as Wednesday’s trading session drew to a close.

Checking In: Trading Ideas

This week, our technical trading ideas included a short recommendation in a developed country fund as well as long recommendations in a domestic sector and bond ETF. Below, we highlight how our trade recommendations from Monday’s Insider have been holding up this week:

Trading Idea #1: Short EWA

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