Here is a quick review of the past week’s winners and losers from my High Volume ETF Master list:
Resisting the trend changes last week were the retail ETF (XRT) and the Vanguard REIT Index (VNQ).
Please note that the biggest loser was the U.S. Gas fund (UNG), which I featured recently. While it broke above its long term trend line for the first time in years, I sidestepped the opportunity due to its high risk.
As it turns out, UNG retreated again below its long term trend line, and it appears that the break out to the upside was just another head fake.
Disclosure: No holdings