Not much conviction in financial-ETF rally
Financial stocks are the top-performing slice today within the 10 sectors that make up the S&P 500. The Financial Select Sector SPDR Fund (XLF) is rallying more than 2% in afternoon trading Tuesday...
View ArticleSemiconductor ETFs under pressure
ETFs focused on semiconductor stocks are down more than 5% so far this week in the wake of Wells Fargo’s downgrade of the sector. The breakdown in the semiconductor sector is drawing attention because...
View ArticleCopper flashing more warning signs
The iPath Dow Jones UBS Copper Subindex Total Return ETN (JJC) is down more than 3% today and has broken support at $56 a share. As discussed earlier this week, a breakdown in copper would not be good...
View ArticleMiner stocks hammer materials ETFs
We’ve been monitoring the carnage in the ETN that tracks copper futures (JJC) in recent sessions. JJC is down more than 7% so far this week and stocks are following this move lower in today’s sell-off....
View ArticleMetals: Nowhere to run to baby, nowhere to hide
It’s pretty much all red in markets this morning with the few winners including the dollar, U.S. Treasury bonds and VIX-linked ETFs. Precious metals and commodities are not providing shelter from...
View ArticleSmall-cap ETFs take it on the chin
Small-cap ETFs are suffering heavy losses today with investors shunning any kind of risk in their portfolios. The iShares Russell 2000 (IWM) is down more than 2% in late-morning dealings. The ETF...
View ArticleMeltdown in nuclear-energy ETFs
ETFs tracking nuclear-energy stocks are the steepest decliners in Monday’s volatile market on the worsening situation at three reactors in Japan in the wake of the massive earthquake and tsunami....
View ArticleJapan ETF bounces near 52-week low
Volume in iShares MSCI Japan Index Fund (EWJ) has surged this week with investors using the $5.7 billion ETF to trade Japan’s earthquake and the threat of a nuclear catastrophe. EWJ opened sharply...
View ArticleDéjà vu for financial sector?
The recent action in the financial sector looks eerily similar to what played out last spring before a sizable correction, Peak Theories noted this week. Another worrying sign is that so far in 2011,...
View ArticleDollar ETF falls to new low
The PowerShares DB US Dollar Index Bullish Fund (UUP) is trading at an all-time low in premarket action Thursday as the euro and Japanese yen strengthen against the greenback. U.S. traders were shocked...
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