ETFs To Watch November 30, 2009 (XLU, TZA, GULF, UNG, UYG)
Benzinga 16 years ago
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Here is the ETF Professor's ETF Watchlist For Monday November 30, 2009.
Here are two Dubai plays to start off the week with: The WisdomTree Middle East Dividend ETF (Nasdaq: GULF) and the Market Vectors Gulf States ETF (NYSE: MES).
A play on online shopping data: The First Trust Dow Jones Internet Index (NYSE: FDN).
Financials were beaten up on Friday, making the ProShares Ultra Financial ETF (NYSE: UYG) worth taking a look at and if you're looking for a rebound, try the Financial Select Sector SPDR ETF (NYSE: XLF) and the iShares Dow Jones U.S. Financial Sector Index ETF (NYSE: IYF).
If risk appetite starts to wane due to the Dubai news, try the Utilities Select Sector SPDR ETF (NYSE: XLU). XLU is up 4% in the past month.
Small-caps continue to look weak and the ETF Professor highlighted problems with the iShares Russell 2000 Index (NYSE: IWM) earlier. Try the Direxion Daily Small Cap Bear 3X Shares (NYSE: TZA) as an inverse play.
Believe it or not, the United States Natural Gas Fund (NYSE: UNG) is up more than 10% in the past week. Keep it an eye on it on Monday.
Another play on a flight to quality/declining risk appetite: PowerShares Dynamic Large Cap Value ETF (NYSE: PWV).