ETFs To Watch November 23, 2009
Here is the ETF Professor's ETF Watchlist for Monday November 23, 2009.
With news out of the Eurozone on Friday regarding increased collateral requirements and the possibility of a rate hike by the ECB appearing imminent, keep an eye on the Vanguard European Stock ETF (NYSE: VGK) and the UltraShort MSCI Europe ProShares ETF (NYSE: EPV).
There are some bullish signs emerging from Malaysia's economy, so take a look at the iShares MSCI Malaysia Index (NYSE: EWM).
For technical plays, watch the Oil Services HOLDRs (AMEX: OIH), which moved below its 50-day average on Friday and the iShares Dow Jones Transportation Average ETF (NYSE: IYT), which has formed a triple top chart formation.
The Aussie Dollar continued its gains against its American rival, rising to 92.13 during the Sydney/Tokyo session. The play: The CurrencyShares Australian Dollar Trust (NYSE: FXA).
Keep an eye on the iShares S&P SmallCap 600 Index (NYSE: IJR) to see if smallcaps remain weak or start to rebound.
If you agree with Meredith Whitney that financials are overvalued, try the Ultra Financials ProShares (NYSE: UYG).
With miners and materials names performing well in the Asian session, take a look at the SPDR S&P International Materials Sector ETF (NYSE: IRV) and the iShares S&P Global Materials ETF (NYSE: MXI).
