Market Overview

A Look Ahead: Next Week's ETFs To Watch


April has drawn to a close so now everyone and his sister can start fretting about “sell in May and go away,” but before that issue becomes a legitimate concern (if it does at all), let's pause to reflect and note that April was the best month in terms of performance since December for the Dow Jones Industrial Average and the Nasdaq.

The Dow gained 4% on the month and while the Nasdaq only booked a small gain today, it should be noted the tech-heavy index did so in the face of not only looming rebalancing for the Nasdaq 100, but a profit warning from BlackBerry maker Research In Motion (Nasdaq: RIMM) that sent that stock tumbling by 14%.

With that, let's have a look some key ETFs to watch next week.

1) Market Vectors Coal ETF (NYSE: KOL): Earnings season has basically been pretty good to KOL and the ETF continues to be touted as a Japan earthquake play, but that story is well-documented to say the least. KOL showed some strong price action on Friday, gaining almost 2% on volume that was well above the daily average. The chart looks strong and there are more earnings reports next week that could boost this ETF to new highs.

2) iShares Silver Trust (NYSE: SLV): If all the ETFs in the world were people and they all had a party that they all attended, SLV would be the one guest that would need no introduction. Is silver's party ever going to stop?

3) PowerShares Dynamic Industrials Portfolio (NYSE: PRN): A lot of folks have been reluctant to embrace the strength in the industrials space, or even admit that strength is there. Perhaps Caterpillar's (NYSE: CAT) cheery outlook delivered on Friday will convert the doubters. If PRN could get some volume behind it, this ETF would easily be a stealth winner.

4) Asian Emerging ETFs The iShares MSCI Taiwan Index (NYSE: EWT) was up 3% this week, while the iShares MSCI South Korea Index Fund (NYSE: EWY) and the Market Vectors Indonesia ETF (NYSE: IDX) were both up 1%. This entire trio has been looking sturdy for weeks now and the fun should continue as investors keep coming back to EM ETFs.

5) SPDR S&P Oil & Gas Exploration & Production (NYSE: XOP): If you're looking for an ETF that still hasn't returned to its 52-week high, XOP fits the bill. The ETF posted a nice 2% gain on Friday, but volume was weak at almost 50% below the daily average. Kind of makes you wonder what could have been if XOP had seen even average volume.

Posted-In: Long Ideas News Sector ETFs Broad U.S. Equity ETFs Short Ideas Specialty ETFs Emerging Market ETFs Commodities


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