Here is a quick ETF review of the past week’s winners and losers from my High Volume ETF Master list:
Some of last week’s contenders remained in the top spots, as a flight to safety continued to be the name of the game during the market drubbing of the past 5 trading days.
We have now knifed through major support levels, and it is wide open as to which market direction offers the path of least resistance. Should more negative news regarding debt issues and concerns come out of Europe, this current bull will die a fast death by slicing through the trend line of the domestic TTI, which means, just like in the international arena, we will have re-entered bear market territory.
Be sure to tune into tomorrow’s post, when I will discuss my hedging strategy for the PRPFX fund, should the bearish scenario turn out to be the dominant one.
Disclosure: Holdings in GLD, TLT, FXF