ETF Insider: Helicopter Ben Twists’ Markets

Wall Street opened in deep red territory at the opening bell Monday morning as Greek debt woes resurfaced. Broad equity indexes climbed higher towards the end of the day however, further extending their gains into Tuesday, only to fall victim to profit taking in the final hours of trading. The Fed went ahead with the twist, and their decision to sell $400 billion of short-term Treasuries for longer-term ones spooked investors big time, sparking a broad-based, heavy volume sell-off across all corners of the market. Surprisingly, gold wasn’t the best defense this time around as the precious metal fluctuated during the day and sank lower after the Fed’s announcement, settling around $1,780 for the day. Checking In: Trading Ideas This week, our technical trading ideas included a long and short recommendation in some popular domestic sector funds while our third fundamental pick focused on a U.S. Treasury offering, confirming our [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Markets At Fed’s Mercy Three ETFs For ‘Operation Twist’ Daily ETF Roundup: GLD Slumps On Equity Surge, QQQ Jumps On Tech Rebound August ETF Stats: Keeping The Winning Streak Alive (Just Barely) Friday’s ETF To Watch: U.S. Treasury Flattener ETN (FLAT)