ETF Insider: Say Hello To 5-Year Highs

Major equity indexes relentlessly pushed higher throughout the week with the Dow Jones Industrial Average and S&P 500 both tallying big gains for January as well as setting fresh five-year highs. Bullish momentum kicked off the trading week after durable goods order data blew right past analyst expectations, helping to add fundamental fuel to the ongoing rally. Profit-taking pressures did creep in, however, after GDP data missed the mark as cuts in government spending took their toll on economic output [see Free 7 Simple & Cheap All- ETF Model Portfolios]. Actionable ETF Trade Ideas Our picks from Monday’s Insider posted disappointing performance results relative to broad equity benchmarks as our defensive intentions were mistimed. 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 Monday, as well as access to more than 50 all-ETF model portfolios]. Last Week’s [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bears At The Gates Favorite ETF Positions For 5 Super Investors ETFs Then And Now Checking In On the 10 Largest ETFs Year To Date 10 Surprising ETF Stats From Mid Year ETF Data