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Trading Strategy – ETF Industry Exposure & Financial Services
Bank shares rose as the 10-year Treasury note yield marched upward to 3.09 percent, its highest level since May. Goldman Sachs, Morgan Stanley and Bank of America all rose more than 2.5 percent. Shares of Citigroup, meanwhile, advanced 3.3 percent. The ETF Industry Exposure & Financial Services (TETF) rose 1.02 percent to 19.72. Now …[read more]
Trading Strategy – Consumer Staples Select Sector SPDR ETF
Consumer Staples stocks were under selling pressure Tuesday amid ongoing concerns that escalating trade war could drag on earnings. After surging about 10 percent in 2017, the Consumer Staples Select Sector SPDR ETF (XLP) fell 0.42 percent Tuesday to 54.73, down nearly 4 percent YTD while the S&P gained more than 8 percent over …[read more]
Trading Strategy – VanEck Vectors Semiconductor ETF
Chipmakers contributed to the drop in the major indexes Monday. The group was under selling pressure as fears they may get hit with tariffs. After surging more than 36 percent in 2017, the VanEck Vectors Semiconductor ETF (SMH) fell 1.35 percent Monday to 105.24, bringing its YTD gains down to just over 7 percent …[read more]
Trading Strategy – Financial Select Sector SPDR ETF
The financial sector was under selling pressure last week as banks stocks were weighed down by a flattening yield curve. After surging 20 percent in 2017, the Financial Select Sector SPDR ETF (XLF) fell 0.4 percent last week to 28.23, up just over 1 percent YTD while the S&P gained over 8 percent over …[read more]
Trading Strategy – Industrial Select Sector SPDR ETF
Industrial stocks traded up on Thursday following headlines that suggested senior officials from the U.S. and China appear headed for new discussions on trade matters. After surging nearly 22 percent in 2017, the Industrial Select Sector SPDR ETF (XLI) rose merely 4 percent YTD while the S&P gained over 8 percent over the same …[read more]
Trading Strategy – Global X Social Media ETF
Tech stocks have been under pressure lately amid increasing regulatory pressure toward social media companies, especially Facebook and Twitter. After surging more than 52 percent in 2017, the Global X Social Media ETF (SOCL) fell more than 5 percent YTD while the S&P gained over 8 percent over the same period. Now the question …[read more]
Trading Strategy – SPDR Gold Shares
Gold turned positive on Tuesday as some aggressive traders stepped in when it approached $1,200 per ounce. U.S. gold futures for December delivery settled up $2.40, or 0.2 percent, at $1,202.20 per ounce. The SPDR Gold Shares (GLD) rose 0.06 percent to 113.22, down more than 8 percent YTD while the S&P gained 8 …[read more]
Trading Strategy – VanEck Vectors Semiconductor ETF
One of the more noteworthy developments in Monday session has been the move in semiconductors. The group rebounded nicely, cutting losses from last week led by a 9.2 percent gain in Advanced Micro Devices and a 3.5 percent jump in Broadcom. The VanEck Vectors Semiconductor ETF (SMH) rose 0.97 percent to 106.86, up nearly …[read more]
Trading Strategy – iShares China Large-Cap ETF
Donald Trump, speaking from Air Force One, said Friday the U.S. is ready to slap tariffs on an additional $267 billion worth in Chinese goods. After surging 33 percent in 2017, the iShares China Large-Cap ETF (FXI), which tracks certain Chinese stocks, fell 1.1 percent to 40.91, down more than 11 percent YTD while …[read more]
Trading Strategy – Energy Select Sector SPDR ETF
Energy is one of the worst laggards on Thursday as losses in WTI crude oil futures pressure the group. October Crude Oil futures fell 1.37 percent to 67.81/barrel after U.S. data showed gasoline inventories rose unexpectedly last week, overshadowing a bullish drawdown in crude. The Energy Select Sector SPDR ETF (XLE) fell 1.85 percent …[read more]
One of the noteworthy developments in recent days has been the move in the automotive sector. The group has been under selling pressure in recent days after China said it was ready to retaliate with tariffs on around $60 billion of U.S. goods, just days after the U.S. administration revealed that Trump had spoken …[read more]
One of the noteworthy developments in recent days has been the move in car makers. The group has been under some selling pressure in recent days after Donald Trump withdrew from the Obama-era 2015 nuclear deal reached between Iran and six major powers. The move sent gas prices higher, hurting auto sales and consumer …[read more]
One of the noteworthy developments in recent days has been the move in automakers. The groups were under selling pressure after Donald Trump has escalated the threat of a trade war with Europe, warning that the US will slap a tax on cars made on the continent if the European Union (EU) retaliates against …[read more]
