“You’ve got the leading indicators helping the market today,” said Thomas Nyheim, a fund manager for Christiana Trust, in a Bloomberg report. “We’re seeing good signs for the economy, you’re getting this grinding, slow growth that just keeps coming out.”
The top three unleveraged ETFs this week were Global X FTSE Greece 20 (NYSEArca: GREK), Guggenheim Global Solar Energy (NYSEArca: TAN) and PowerShares Wilderhill Clean Energy (NYSEArca: PBW) with gains of at least 6%.
The bottom three unleveraged ETFs this week were the gold and silver miner ETFs – GDXJ, GDX and SIL.
In next week’s economic data, look for reports on existing home sales, new home sales and durable goods orders. Federal Reserve chief Ben Bernanke speaks on Wednesday and investors will also get the minutes from the latest Fed meeting.
Market Vectors Junior Gold Miners ETF