ETFs For Thursday October 29, 2009
Here's the ETF Professor's ETF Watchlist for Thursday October 29, 2009.
Is this dollar rally going to continue? Best to err on the side of caution and at least monitor the PowerShares DB U.S. Dollar Index Bullish Fund (NYSE: UUP).
The Professor mentioned this one earlier this week and had you acted on the advice, you'd be up. Emerging markets look tired, so take a look at the ProShares UltraShort MSCI Emerging Markets ETF (NYSE: EEV).
Barrick Gold (NYSE: ABX) reports earnings before the bell and the stock is one of the largest holdings in the Market Vectors Gold Miners ETF (NYSE: GDX).
Watch the Energy Select SPDR (NYSE: XLE) again as both Apache (NYSE: APA) and ExxonMobil (NYSE: XOM) report earnings.
With solar stocks under some pressure and oil always in the news, the iShares S&P Global Clean Energy Index Fund (NYSE: ICLN) is worth watching.
One more bearish international play for you: the Short MSCI EAFE ProShares (NYSE: EFZ).
