A Look Ahead: Next Week's ETFs To Watch

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Another week, another set of gains for U.S. equities. This party just doesn't want to stop. It's truly a viscious circle for the bears: The market goes up, forcing shorts to cover, which serves as gasoline on the fire. Calling a top? Good luck. Everyone that was doing that 100 S&P 500 points ago sure looks wrong now. With that, we're looking for a few of the ETFs that represent solid trading opportunities for the holiday-shortened week ahead. Not surprisingly, most of the candidates are from the long side. 1) Oil Services HOLDRs
OIH
: OIH is an ETF that is seemingly always in play just because of the industry it tracks, but next week could be more eventful than usual with Transocean
RIG
, the world's largest provider of offshore drilling services, reporting earnings before the bell on Wednesday. Transocean is OIH's third-largest holding. 2) Global X Silver Miners ETF
SIL
: The silver party is on again and on in a big way. This puts the spotlight on the iShares Silver Trust
SLV
, but the better short-term moves are often found in SIL. 3) iShares MSCI Spain Index Fund
EWP
: Uh oh, Portugal is back in the news again and the news, of course, is not good. In the absence of a Portugal-specific ETF, shorts may want to climb into EWP, which has behaved pretty well lately. 4) Any ETF with exposure to the Middle East: Egypt has now moved out of the spotlight, but Bahrain, Libya and others are facing problems of their own. It seems folks don't like dictators much these days. Here are some ETFs to watch: Market Vectors Gulf States ETF
MES
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and the PowerShares MENA Frontier Countries ETF
PMNA
. 5) Guggenheim Global Solar Energy ETF
TAN
: A close at the important $9 mark on Friday and a 6.4% surge in the past week makes TAN one to watch.
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Posted In: EarningsLong IdeasNewsSector ETFsBroad U.S. Equity ETFsShort IdeasSpecialty ETFsEmerging Market ETFsCurrency ETFsPre-Market OutlookIntraday UpdateTrading IdeasETFsA Look Ahead: Next Week's ETFs To WatchEnergyOil & Gas Drilling
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