In trading on Friday, shares of the iShares 3-7 Year Treasury Bond ETF (Symbol: IEI) entered into oversold territory, changing hands as low as $132.2099 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator u
U.S. markets and stock exchange traded funds began to slide Friday as a poor jobs report began to outweigh optimism over additional fiscal stimulus and the rollout of a vaccine. On Friday, the Invesco QQQ Trust (NASDAQ: QQQ) rose 0.1%, the SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was down 0.8%, and the iShares Core S&P 500 [...] Read more at ETFtrends.com.
Tesla stock is surging on Friday, up 7.6%, and headed toward $900 per share, as it looks to close out an unprecedented 11th trading day higher. In addition to boosting ETFs like the ARK Industrial Innovation ETF (NYSEArca: ARKQ), Tesla stock is up 36% over its 11 sessions of gains, the longest winning streak on record. [...] Read more at ETFtrends.com.
The CFA Institute has for the first time published a full ‘research brief’ on Bitcoins and cryptocurrencies to help educate investment professionals on digital currencies. In Cryptoassets: The Guide to Bitcoin, Blockchain, and Cryptocurrency for Professional Investors, co-authors Matt Hougan, the chief investment officer for Bitwise Asset Management, and David Lawant, a researcher at Bitwise Asset [...] Read more at ETFtrends.com.
Wall Street has impressed investors with a record rally as stocks climbed to all-time high levels. The Dow Jones Industrial Average was up 0.7% on Jan 7. Moreover, the other two broader indices, the S&P 500 and Nasdaq Composite, gained 1.5% and 2.6%, respectively, on the day.
Step aside precious metals: rare earth metals are on the move to start 2021. While gold and silver received much attention in 2020 amid a flight to safety due to the pandemic, a play on rare earth metals could be a key diversifying play for investors looking to add alternative assets via the VanEck Vectors [...] Read more at ETFtrends.com.
A bullish sentiment could be fueling a stronger demand for Chinese equities in 2021. ETF provider DWS offers several funds to satiate appetites for high-quality A-shares and broader equity exposure in China. Check out these the funds below: Xtrackers CSI 300 China A-Shares ETF (NYSEArca: ASHR): seeks investment results that correspond to the CSI 300 [...] Read more at ETFtrends.com.
The SPDR Kensho Clean Power ETF (CNRG) is picking up where it left off in 2020. Momentum from last year is already spilling over into 2021, as the fund is already up over 17% to start the new year. CNRG seeks to provide investment results that, before fees and expenses, correspond generally to the total return [...] Read more at ETFtrends.com.
Gold ETFs certainly held their shine in 2020, as did other precious metals like silver. 2021 though may be the year of copper and the Global X Copper Miners ETF (COPX), which is already up 13% year-to-date. Looking at COPX’s 3-month chart below, we can see a bullish uptrend already forming in Q4 of last [...] Read more at ETFtrends.com.
Insurance company American International Group (AIG) is propelling gains for the Invesco KBW Property & Casualty Insurance ETF (KBWP). AIG is up 8% to start the new year and KBWP has been on an uptrend the last 3 months, gaining over 20%: KBWP seeks to track the investment results of the KBW Nasdaq Property & [...] Read more at ETFtrends.com.
U.S. stocks spurted to all-time highs on Jan 7 as Congress confirmed the election of Joe Biden as president and market watchers ignored the election-related unrest in Washington.
Regional banking stocks have put 2020 behind them in quick fashion. Up 35% year-to-date already, the Direxion Daily Regional Banks Bull 3X Shares (DPST) is giving traders plenty to cheer about, and with the backing of analysts, the regional banking space isn’t messing around in 2021. “In just the first few days of trading in 2021, [...] Read more at ETFtrends.com.
Stocks and index ETFs are mixed on Friday, with the S&P 500 and Nasdaq Composite climbing to fresh highs, while the Dow is struggling, after a data report revealing that the U.S. economy unexpectedly lost jobs last month. After struggling on the first day of the new year, the benchmarks have righted themselves, with subsequent [...] Read more at ETFtrends.com.
Direxion launched two new leveraged ETFs that focus on companies that are involved in the delivery of computing services – servers, storage, databases, networking, software, analytics, and more, over the internet, which is often referred to as the “Cloud.” The Daily Cloud Computing Bull and Bear 2X Shares ETFs (Tickers: CLDL/CLDS) seek to achieve 200%, [...] Read more at ETFtrends.com.
The U.S. economy slowed into year-end as coronavirus cases surged following holiday gatherings and newly initiated shut-downs were enacted by various state governments. The slowdown will likely be reflected more clearly in the December and January numbers, as early Fall had the US economy on the rebound. Housing continues to be a positive for the [...] Read more at ETFtrends.com.
The First Trust Dow Jones Global Select Dividend Index Fund ETF is seeing unusually high volume in afternoon trading Friday, with over 409,000 shares traded versus three month average volume of about 89,000. Shares of FGD were up about 0.2% on the day.
The price of Bitcoin has been going through the roof lately. It took less than a month to cross the difference of $20,000 in value as the cryptocurrency hit the $20,000-mark for the first time on Dec 16 and touched $40,000 on Jan 7. Bitcoin soared about 200% last year. Instituti
The ARK Genomic Revolution Multi-Sector Fund (CBOE: ARKG) isn’t just one of the best actively managed exchange traded funds. Nor is it just one of the best healthcare ETFs. It’s one of the premier options for investors looking for a truly disruptive play on healthcare investing. Disruptive technologies are changing the way new products and [...] Read more at ETFtrends.com.
In trading on Friday, shares of the SCHR ETF (Symbol: SCHR) entered into oversold territory, changing hands as low as $57.7913 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on