Here is a quick review of the past week’s winners and losers from my High Volume ETF Master list:
Euphoria towards a positive jobs report turned into a display of shock-and-awe, as the unemployment and job creation numbers were downright atrocious. Still, the major indexes gained slightly over the past four trading days.
Last week, I was surprised to see that Spain (EWP) was the leader with a weekly gain of +10.12%. Well, it’s feast or famine, as EWP is now leading this week’s laggards with a loss of -7.00%.
Uncertainty still plays a big role in my opinion, which explains why the top leaders came from gold related ETFs. The laggards, however, were Brazil and Europe; maybe that’s the reason for the discrepancy between our domestic TTI gaining and the international TTI losing for the past week.
Disclosure: Holdings in GLD