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ETFdb Analyst Picks: Buy On This Dip With Caution
Stocks have endured a harsh trading week as broad-based profit taking pressures managed to swoop in with little warning following the U.S. election. Although the price action on Wall Street has been far from optimistic, we remain hesitant to pull out entirely given a number of positive developments; for starters, weekly jobless claims came in better-than-expected again, showcasing that the recovery in the domestic labor market is not a case of fudging the numbers as some continue to rant about. Additionally, solid consumer sentiment data also suggests that optimism is building on Main Street, leading us to believe that this week’s rather frightening sell-off may have been a bit overdone as negative headlines from Europe conveniently stole the show [see Free 7 Simple & Cheap All-ETF Portfolios]. Analyst Recommendations Below, we highlight how the ETFdb Analyst Picks have been performing, noting any important fundamental catalysts while also keeping an eye on key technical levels for [...]
Click here to read the original article on ETFdb.com.
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2012-11-09 15:40:10
Source: http://etfdb.com/2012/etfdb-analyst-picks-buy-on-this-dip-with-caution/
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