Phew !! What a Week....
We had Elections (Tuesday) we had FEDS (wednesday) and then to top things up we had Job reports (Friday).
Elections did not create the much anticipated breakdown nor did FED. Uncle Ben came in and infact stuck to his guns and continued to do whatever it takes to make the Stock market happy. The initial reaction was not as people had expected (make or break) but next day (Thursday) market broke to new highs for the year.
All the indexes are making new highs and are continuing. Ofcourse we have a very overbought market so I am expecting some sort of correction or consolidation before we take the new leg to upside.
I donot expect correction to last long may be quick 3 %to 5% selloff and then again we continue the ride the uptown train.
As usual we will review the last week's picks and their returns though I did not hold anything Our top ETF picks last week and their weekly returns are as follows:
Top 5 ETF last week were***********************************ETF Weekly gain***********************************1. AGQ - 17.09%2. SGG - 8.91%3. CZM - 10.18%4. DAG - 6.67%5. TYH - 10.01%--------------------------------------------Cumulative return of 10.6%.
SPY's return for the same period were 3.58%, which again proves that picking ETF based on strategy is lot better than just parking your money and trying to get market returns.
Phew !! What a Week....
We had Elections (Tuesday) we had FEDS (wednesday) and then to top things up we had Job reports (Friday).
Elections did not create the much anticipated breakdown nor did FED. Uncle Ben came in and infact stuck to his guns and continued to do whatever it takes to make the Stock market happy.
The initial reaction was not as people had expected (make or break) but next day (Thursday) market broke to new highs for the year.
All the indexes are making new highs and are continuing. Ofcourse we have a very overbought market so I am expecting some sort of correction or consolidation before we take the new leg to upside.
I donot expect correction to last long may be quick 3 %to 5% selloff and then again we continue the ride the uptown train.
As usual we will review the last week's picks and their returns though I did not hold anything
Our top ETF picks last week and their weekly returns are as follows:
Top 5 ETF last week were
***********************************
ETF Weekly gain
1. AGQ - 17.09%
2. SGG - 8.91%
3. CZM - 10.18%
4. DAG - 6.67%
5. TYH - 10.01%
--------------------------------------------
However the TOP ETF for this upcoming week are as follows:
These are the top ETF to hold this week
1. AGQ
2. FAS
3. SGG
4. DAG
5. TYH
We will track these top ETF again next week.
Some of the stocks of interest this upcoming week
PWER - Huge market manipulation in this stock.. so watch out for short squeeze..
AUMN - I will be buying this on pullback, another volatile stock..
AAPL
FCX
WES
I will post some interesting articles that I saw during this week also.
