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Author Topic: Top ETF Trades for the Day  (Read 1598 times)

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Top ETF Trades for the Day
« on: August 02, 2013, 11:47:54 AM »
WisdomTree Japan Hedged Equity ETF (DXJ) – ($47.28 – Down 2.8%): The ETF fell earlier this week as some weak Japanese economic numbers hurt the country’s stock market and sent the Yen higher. Even though in the short-term this is negative, in the long-term it will allow he BOJ to continue their stimulus program that includes devalueing the Yen and pumping up the stock market. I still like DXJ even though it has a small loss.

First Trust Cloud Computing ETF (SKYY) – ($23.77 – Up 4.3%): Good news in the technology sector has driven the price of the cloud computing stocks to new highs this week. There is a small pull back of a few pennies today, but overall the ETF looks great.

SPDR S&P Oil & Gas Equipment & Services (XES) – ($41.46 – Up 0.9%): The initial buy was on a pullback from a high, but after the purchase the pullback continued for a couple days before bouncing. The ETF is now up nearly 1% and it appears the next leg higher has begun. If the pattern continues the next high should be around $43.50.

SPDR Insurance ETF (KIE) – ($57.57 – Up 1.3%): The ETF rallied from the consolidation pattern yesterday on big volume and is pulling back slightly today in what appears to be a healthy consolidation.

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