The summer market is ripe with volatility and returns, so opportunities to sell short or go long are everywhere, with exchange traded funds (ETFs) or stocks. With conditions like this, the bulls and bears are duking it out, reports Kevin Baker for TheStreet.com. Baker offers a few trading ideas. The first two are poor performers that rebuke the general upward trend and give bearish signals. It’s no surprise that they’re also part of the poor performing financials sector.
- KBW Regional Banking ETF (KRE) – is down 15.9% year-to-date
- PowerShares Listed Private Equity Portfolio (PSP) – is down 6.4% year-to-date
The next ETF has climbed steadily over the past three months but dropped some late last week with the rest of the market. However, the drop isn’t significant enough to stave off its bullish trend.
- Oil Service HOLDRs Trust (OIH) – is up 27.5% year-to-date
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.