ETFs To Watch November 27, 2009 (HHH, XLY, IAI, XLV)
Here is the ETF Professor's ETF Watchlist for Friday November 27, 2009.
On speculation that Japan may intervene in the forex market to weaken the Yen, take a look at the CurrencyShares Japanese Yen Trust (NYSE: FXY) and the bearish equivalent and the UltraShort Yen ProShares (NYSE: YCS).
The Health Care Select Sector SPDR (NYSE: XLV) has been showing some decent strength lately. Keep an eye on it on Friday.
What else is new? The dollar is still weak. Try the PowerShares U.S. Dollar Inidex Bearish ETF (NYSE: UDN) as the way to play this trend.
Take a look at the iShares Dow Jones US Broker-Dealers ETF (NYSE: IAI) if financials like Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) show weakness.
Here are a couple of Black Friday plays: The SPDR S&P Retail ETF (NYSE: XRT) and the Consumer Discret Select Sector SPDR ETF (NYSE: XLY). To get some exposure to online retailers such as Amazon (Nasdaq: AMZN) and eBay (Nasdaq: EBAY), try the Internet HOLDRs ETF (AMEX: HHH).
