Here is a quick ETF review of the past week’s winners and losers from my High Volume ETF Master list:
If you like to ride the ETF rollercoaster, Spain (EWP) would be your primary choice. It has moved from leader to laggard consistently over the past few weeks, which is clearly a sign that a long-term trend can’t be identified.
EWP has barely moved out of bear market territory and hovers above its long-term trend line by a meager +0.24%. Same can be said of the entire European Union (EZU), which also has bounced along its long-term trend line and has crossed it to the upside by +0.14%.
Europe is clearly driven by the latest news on its debt circus, which makes it a great uncertainty. I would not touch any of these ETFs at this time.
Oil and Gas related ETFs did well as this week’s returns show. However, high volatility is an ever present danger, so you might want to consider these areas only if you have an aggressive component in your risk profile. The above is simply a summary, so be sure to consult the current StatSheet for more details.
Disclosure: No holdings