TradingMarkets 7 ETFs You Need to Know for Monday
A low volatility, shortened holiday trading week led lackluster, relaxed trading. It looks like the S&P 500 SPY will close slightly down or flat for the day on Friday. The Christmas season, traditionally a time for elation among retailers, was depressing this year as consumers made dramatic spending cuts on clothing, electronics and jewelry. If you’re seeking to capitalize or fade this slump, the Retail Holders
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Amazingly, both have held up well on the charts, hugging above their 50-day Simple Moving Averages. Time will tell if they will get knocked down or are signaling sector improvement in the near future.
Traders looking to step into the international stock arena may want to visit the Austria iShare
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Currency traders looking to trade FX without opening an FX account can look at Currency Shares Euro Trust
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Oil prices have been plummeting. Savvy traders may want to look closely at ProShares UltraShort DJ-AIG Crude Oil
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SCO |
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David Goodboy is Vice President of Marketing for a New York City based multi-strategy fund.