ETF Insider: Sour Data Spooks Bulls

Equity markets turned south this past week as sour economic data deteriorated investors’ confidence, dragging down major indexes into red territory. Volatility was quick to return as mixed economic reports paved the way for profit taking on Wall Street. On the bright side, manufacturing and weekly jobless claims both came in better-than-expected; nonetheless, investors focused their attention on Friday’s employment report which showed that fewer-than-expected jobs were added in April despite a drop in the unemployment rate to 8.1% [see also 5 Simple ETF Trading Tips]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance EDV Long +0.6% SCIN Long -5.7% XVIX Long -1.5% Our picks from Monday’s Insider posted a disappointing performance during a week largely dominated by bears on Wall Street. Below, we highlight how our trade ideas fared during the week [sign up for a free trial of ETFdb Pro to get actionable ETF ideas every [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Opportunities In A Pullback Ten Unexpected Observations On YTD ETF Returns Six Noteworthy ETF Innovations Five Important ETF Lessons (Picture Edition) Seven Surprising ETF Performance Comparisons