ETF/No Load Fund Tracker StatSheet
————————————————————-
THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS:
————————————————————
Market Commentary
Friday, April 8, 2011
MAJOR MARKET ETFs LACKING A PULSE
This week turned out to be a non-event, as far as the direction of the major market ETFs was concerned, as the last five trading days ended with the S&P 500 losing a whopping -0.03%.
The action was definitely to be found in the energy, precious metals and commodities’ sectors, as prices in ETFs representing these areas rocketed higher.
Gold surged to over $1,470 for the first time, while silver breached the $40 level for the first time in some 31 years. Not to be outdone, crude oil headed to within striking distance of $113/barrel. As a result, the Transportation ETF (IYT) took a turn south. If you follow historical events, you might want to keep an eye on IYT, as it lead the markets lower before the crash in 2008.





