ETF Leaders And Laggards – For The Week Ending 8/19/2011

Here is a quick ETF review of the past week’s winners and losers from my High Volume ETF Master list:

Equity ETFs got bruised again last week, as the S&P 500 lost -4.66% over the past 5 trading days.

Again, the flight to safety was on; the top 3 ETF leaders remained the same but changed positions slightly. With continued market weakness supported by a global economic slowdown, the DJ Transportation ETF (IYT) confirmed that trend as the 4th worst performer on my list.

With the European crisis heating up, amongst widespread jawboning with no concrete solution, it’s interesting to note that the country representing Europe’s top economic engine, (EWG) implied to bail everyone else out, has its own economic problems as its last GDP number indicated hardly any growth.

As a result, it’s no surprise that EWG is the 3rd worst performer on the list, which does not bode well for throwing an assist to those countries in need of financial assistance.

To me, it simply means that trouble is brewing on the horizon, I just don’t know yet if Europe’s top can-kickers will be successful one more time by postponing the unavoidable (default) again.

Disclosure: Holdings in GLD, TLT

About Ulli Niemann

Ulli Niemann is the publisher of "The ETF Bully" and is a Registered Investment Advisor. Learn more
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