Market Overview

A Look Ahead: Next Week's ETFs To Watch

What a way to end the second quarter to start the third. Whether it was some end-of-quarter window dressing, dip buying or a boost from Greece's plan to implement strict austerity measures, U.S. stocks are poised to close with their best weekly gain in over a year. Now that's the way to kick-off the long weekend.

Even more important than the aforementioned catalysts has been a decent flow of strong economic data this week, perhaps indicating that concerns about a slowdown in the U.S. have been overstated. That notion will be put to the test next Friday when the June jobs report is released.

Before that event, let's get into some weekend reading with a look at next week's ETF's to watch.

1) Vanguard MSCI Emerging Markets ETF (NYSE: VWO): Maybe, just maybe, investors are starting to feel groovy about emerging markets again after a May/June slump for the asset class. If Friday's gains hold, VWO will have finished the week with a solid gain and a strong chart that points to the ETF making a run back to its 52-week high just below $51 in the near-term.

2) iShares MSCI Thailand Investable Market Index Fund (NYSE: THD): As we noted earlier today, Thailand holds its presidential election on Sunday and it looks as though the market's preferred candidate is in control. Still, this is emerging markets politics we're talking about and anything can happen. Regardless of Sunday's result, expect increased volatility with THD when U.S. markets reopen on Tuesday.

3) Direxion Daily Financial 3X Bull Shares (NYSE: FAS): As of this writing, there are 30 minutes left in the trading week and FAS is up a jaw-dropping 18% for the week. How long will this love-fest with the financials continues? Has the group finally turned the corner? These questions and more should be answered soon and if the answers are positive, the sector and the market at large should be in for more up days.

4) IQ Canada Small Cap ETF (NYSE: CNDA): Flying under the radar, CNDA has enjoyed one of its best weeks in months as oil prices have rebounded and the risk-on trade has come back into favor. CNDA will need those conditions to persist for more near-term gains, but it is worth noting that there is still some value to be had here as the ETF is still almost 12% off its 52-week high. CNDA is posting a nice Friday performance on volume that is better than double the daily average. Watch for a move above $32.50.

Posted-In: Long Ideas News Sector ETFs Broad U.S. Equity ETFs Short Ideas Specialty ETFs New ETFs Small Cap Analysis

 

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