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Tickers in this Article: DIA, FXI, QQQ, SPY, UNG
Major equity indexes tallied another session in red territory as pessimismcontinuesto reign supreme on Wall Street. Despite a strong rally at the opening bell, stocks ultimately failed to hold onto gains as profit taking pressures quickly returned given the looming uncertainties stemming from the fiscal cliff at home. In the Euro zone, policymakers agreed to give Greece two more years until 2016 to pay down its budget deficit and stick with the euro; additionally, finance ministers put off until November 20th the decision onjustexactly how to meet further Greek aid needs .

Global Market Overview: Stocks Sink, Greece Cuts A Deal

The Nasdaq was the worst performer again as heavy profit taking pressures in the tech-sector dragged QQQ down 0.69% on the day. The S&P 500 ETF (SPY) proved most resilient, shedding 0.34%, while the Dow Jones ETF (DIA) lagged slightly behind, losing 0.40% as the closing bell rang. Pushing off looming Greek debt drama (again) didn't bode too well with investors overseas as European markets tallied another red session .

Bond ETF Roundup

U.S. Treasuries took the lead higher as risk off sentiment permeated the fixed-income market for yet another day; not surprisingly, junk bonds turned in a negativeperformanceas investors sought after higher credit quality securities in the face of the looming fiscal cliff.

Commodity ETF Roundup

The U.S. dollar index crept higher for another day, paving the way lower for gold prices, while silver futures managed to tally a minor gain. Natural gas futures extended their rally from yesterday as cold weather across the United States prompted speculation that stockpiles could begin to drop.

ETF Chart Of The Day #1: UNG

The United States Natural Gas Fund (UNG)was one of the best performers, gaining a whopping 4.81% on the day. Natural gas prices soared higher from the open right through the closing bell on Wall Street, settling just shy of the high on day around $22 a share. Speculators have been piling into this commodity over the last two sessions in anticipation that cold weather will persist and ultimately eat away at inventory stockpiles.

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ETF Chart Of The Day #2: FXI

The iShares FTSE China 25 Index Fund (FXI)was one of the worst performers, shedding 1.56% on the day. Chinese markets took a nosedive after it was reported that the government may expand a property tax trial. FXI did manage to regain a lot of lost ground following its gap lower at the opening bell; however, the bears ultimately prevailed and this ETF posted a loss on the day. From a year-to-date perspective, FXI is up roughly 3%.

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ETF Fun Fact Of The Day

The best performing themed strategy in the trailing 3-year period is our High Yield ETFdb Portfolio; this strategy is up an impressive 39.15%.

Disclosure: No positions at time of writing.

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