Two Steps Forward, One Step Back

by on October 26, 2011 | Updated October 28, 2011 | ETFs Mentioned:

Domestic equity indexes started the week off with fresh multi-month highs as investor optimism from last week carried over. Stock markets were quick to give up gains on Tuesday however, after disappointing corporate earnings results weighted down on investor confidence, while continuing Euro zone debt woes didn’t do much to remedy the situation. Wednesday proved to be a pivotal day for the markets, despite the lack of volatility, as European lawmakers announced that they had come to terms on a broad strategy, which is merely the first step in the right direction. News of the Euro zone “bailout” sparked inflation fears and paved the way higher for gold, with futures prices for the precious metal soaring as high as $1,728 an ounce for the day.

Checking In: Trading Ideas

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

Trading Idea #1: Long CORN

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