ETFs To Watch On November 3, 2009
Here's the ETF Professor's ETF Watchlist for Tuesday November 3, 2009.
Financials, financials, finacials. Always in play. let's roll with the ProShares Ultra Financials ETF (NYSE: UYG) and of course the UltraShort Financials ProShares (NYSE: SKF) from the bearish side.
Also keep an eye the Financial Select Sector SPDR (NYSE: XLF), which saw some unusual bearish options trade on Monday.
With both Anadarko (NYSE: APC) and Chesapeake Energy (NYSE: CHK) reporting earnings after the close on Monday, there are several opportunities to play these reports. We can go back to the well with the Energy Select Sector SPDR ETF (NSYE: XLE) or give the Ultra Oil & Gas ProShares (NYSE: DIG) a try.
More obscure nat gas ETFs include the First Trust ISE-Revere Natural Gas (NYSE: FCG) and the PowerShares WilderHill Progrsv Energy (NYSE: PUW), both of which are thinly traded.
There are some biotech earnings coming out, so keep an eye on the iShares Nasdaq Biotechnology (NYSE: IBB) and the SPDR S&P Biotech ETF (NYSE: XBI).
The iShares Dow Jones Transportation Average (NYSE: IYT) reeks of being oversold.
Archer Daniels Midland (NYSE: ADM) reports earnings before and ADM is a top-10 holding of Market Vectors Agribusiness ETF (NYSE: MOO). MOO is usually a good mover given its commodity tilt and it should be in play tomorrow. On that note, let's watch the The Jefferies | TR/J CRB Global Agriculture Equity Index Fund (NYSE: CRBA), the new ag ETF offering from Jefferies as well.
