iShares MSCI Denmark Capped ETF (NYSE:
Of all the single country ETFs, the little country of Denmark
has been a rock star lately. The ETF closed out Thursday a half
percent below the best level ever since it began trading in early
2012. Last year the ETF gained 41 percent, outpacing the U.S. and
leading the Western European ETFs.
If the trend continues the ETF is set to hit a new high in the
coming days and with it fresh off a buy signal the technicals are
positive. The one concern with the ETF is that it lacks trading
volume. Only 5,500 shares exchanged hands yesterday and that
could be a concern for some investors.
Global X Social Media ETF (NYSE:
After the bell yesterday, the ETF's third largest holding,
which makes up 9.6 percent of the allocation, reported subpar
earnings and the stock is off 10 percent in after hours trading.
The stock, LinkedIn (NASDAQ:
) failed to
that have become accustomed to blockbuster growth numbers.
The Twitter Effect on ETFs
The ETF had to deal with Twitter (NYSE:
) falling 24 percent yesterday, but was still able to close with
a small gain. Today it will be tough to close in the green with
such a large holding starting off the session deep in negative
SPDR S&P 500 ETF (NYSE:
The news of the week hits this morning before the bell rings
when the monthly jobs number is announced. The estimate is for
the economy to add 190,000 jobs in the month of January and
anything less than that could lead to a continuation of the
selling that has gripped 2014.
Even though earnings are on pace to growth eight percent over
last year, the best level in years, it may not be enough to trump
a poor jobs report. Technically SPY generated a buy signal this
week and is following past 6 percent sell-offs with a rally.
Today's number will trump any chart and it must be watched
First Trust ISE Cloud Computing ETF (NYSE:
This ETF is one of the few that did not close below its 50-day
moving average during the recent pullback. The relative strength
is admirable considering how technology stocks and high beta
stocks took a beating. As long as SKYY continues to close above
the $26 area it will remain in a very strong bull market.
The charts suggest the rally will continue and that the ETF
will break though the prior high and could make its way to $30, a
gain of 12 percent from the current price.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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