High Tensions As Euro Summit Approaches

by on December 7, 2011 | ETFs Mentioned:

Stocks have been drifting sideways all week as anxiety surrounding the upcoming European summit has proven to be an unavoidable cloud of uncertainty. Back and forth negotiations between European leaders have paved the way for choppy trading on both sides of the Atlantic ocean, although as a whole, volatility has been relatively low this week as major economic data releases have been quite sparse. The Volatility Index (VIX) has been sitting below the 30 mark since the massive equity market rally last week;  however, the VIX has been creeping up higher since last Friday, suggesting that uncertainty will remain a dominant theme as long as Euro zone debt woes remain unresolved.

Checking In: Trading Ideas

This week, our technical trading ideas included short recommendations in two sector-specific ETFs along with a long position in a popular commodity fund. Below, we highlight how our trade recommendations from Monday’s Insider have been holding up this week:

Trading Idea #1: Short XLU

Pro Membership Required to Continue Reading ETFdb Pro

To 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:
  • Register on ETFdbAccess 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.

Begin Your Free 14-Day Trial Now