Market Overview

A Look Ahead: Next Week ETF's To Watch (CORN, QIW, RTH, VWO)

Ugly. There's no other way to characterize a market where stocks are careening toward another weekly loss and have only risen once in the past eight days. Simply put, this has become a confounding market for the bulls.

At the sector level, there is precious little worth embracing right at this moment. Developed and emerging markets country ETFs are not much better. Let's find out where to turn with a look at some top choices from the world of ETFs for the week ahead.

1) Teucrium Corn ETV (NYSE: CORN): Corn futures hit a record today and since CORN is a play on futures for that commodity, the only logical explanations for the ETF's lethargic Friday performance is its big run-up on Thursday and a dour day for the broader market on Friday. CORN looks like one of the better opportunities from the long side in the near-term.

2) Retail HOLDRs (AMEX: RTH): Best Buy (NYSE: BBY) reports earnings on Tuesday and that stock is an RTH component. Unless the Best Buy report is a stunning upside surprise, don't be caught being long RTH because this chart is a mess right now.

3) ProShares UltraShort QQQ (NYSE: QID): The Nasdaq is a disaster zone and Research In Motion (Nasdaq: RIMM), one the Nasdaq's individual disasters, reports earnings after the close on Thursday. If recent history is any guide, the path of least resistance for RIM post-earnings will be down.

4) Vanguard MSCI Emerging Markets ETF (NYSE: VWO): Everyone and his sister is questioning emerging markets these days, but VWO's Friday decline may be more attributable to South Korea's surprise interest rate hike than anything else. Brazil pulled the same trick earlier this week, though it was less of a surprise, so VWO should have by now priced in the impact of interest rate hikes from two of its biggest country weights.

Posted-In: Earnings Long Ideas News Sector ETFs Broad U.S. Equity ETFs Short Ideas Specialty ETFs Emerging Market ETFs

 

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