U.S. Sector Fund Struggles At Resistance, Time To Short

by on May 13, 2013 | ETFs Mentioned:

Stocks are off to a mixed start this week as upbeat retail sales data is colliding with a growing urgency to take profit as major U.S. benchmarks drift higher into uncharted territory. Selling pressures were further bolstered by mentions of the Fed’s exit strategy, although fading stimulus hopes are likely to be short-lived judging by the minor dent in investors’ confidence. From a technical perspective, the uptrend on Wall Street remains fully in-tact and any pullbacks are likely to be countered with bargain buying pressures and new entrants waiting on the sidelines for an opportunity to get a piece of the action [see also How To Hedge With ETFs].

Below we outline one new actionable idea that stands to benefit from a potential pullback this week:

Actionable ETF Idea: 

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Disclosure: No positions at time of writing.