In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 9/25/2011.
After visiting the top part of the 6-week trading range the prior week, the major market ETFs got caught in a global crossfire, sold off sharply and ended up visiting the lower end of the range, and then some, which only took 5 trading days to accomplish.
It was a total reversal, and the previous rally will now go down in history as a dead cat bounce.
Europe and its multitude of debt solutions, most of them band aid approaches, will be on the agenda next week, which simply means that we will have to live with more market volatility.
If you followed my sell stops rules, you should not have any equity exposure at this time with the possible exception of a couple of sector/country ETFs, or hedged positions.
This week, we covered the following: