ETFs For Friday October 30, 2009
Here is the ETF Professor's ETF Watchlist for Friday October 30, 2009.
With a spate of utilities before the bell on Friday, including Dominion Resources (NYSE: D), Constellation (NYSE: CEG) and Duke Energy (NYSE: DUK), utilities ETFs will be in play. The Utilities Select Sector SPDR (NYSE: XLU) and the Utilities HOLDRs (NYSE: UTH) should be worth watching.
Chevron (NYSE: CVX) reports as well so keep an eye on the iShares Global Energy ETF (NYSE: IXC).
The Professor told you to watch the Market Vector Gold Miners ETF (NYSE: GDX) and that was a good idea as it gained 4%, so let's go back to the well one more time.
The Direxion Daily Emrg Mkts Bear 3X Shares (NYSE: EDZ) had a bearish move its own on Thursday, but is finding support at the 20-day moving average. Watch for a bounce on Friday.
The Direxion Daily Small Cap Bear 3X Shares (NYSE: TZA) is up nearly 20% on the week and it will be interesting to see if those bullish ways continue.
Las Vegas Sands (NYSE: LVS) reported earnings after the close on Thursday and got approval for its $2 billion Hong Kong IPO, so watch the thinly traded Market Vectors Gaming ETF (NYSE: BJK)
