Euro Zone Euphoria Here To Stay?

by on October 12, 2011 | ETFs Mentioned:

Domestic equity indexes having been climbing higher all week, posting seven consecutive sessions in green territory. Investors are showing confidence in European lawmakers to bring forth a concrete plan of action in due time, while at home, corporate earnings have gotten off to a solid start. Yet, FOMC minutes from the most recent Fed meeting revealed that a cloud of uncertainty still looms over Wall Street while political drama in Washington may soon be heating up again as the Senate rejected Obama’s $447 billion jobs bill. Gold has been creeping higher all week, although the precious metal has yet to reclaim the $1,700 level since plunging lower after topping out near $1,900 an ounce about a month ago.

Checking In: Trading Ideas

This week, our technical trading ideas included long recommendations in a popular commodity fund as well as a country ETF, while our third, fundamental pick, focused on a lucrative corner in the global bond market. Below, we highlight how our trade recommendations from Monday’s Insider have been holding up this week:

Trading Idea #1: Long GLD

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