Self Directed Investor Inc
SDI: "Empowering investors with ideas and education"
Symbol Lookup »  
Topics:ChinaETFsEarningsEconomyEnergyForexGoldIncomeLessonsIdeasTrading

  • Other news: News from PR Newswire
| More

ETF Daily Roundup: Markets Rally Prior To Election Results

Tue, Nov 6, 5:55 PM ET, by Michael Johnston

Finally it’s here. The 2012 presidential election is upon us, and most people are just excited to be free from the onslaught of political ads and campaigning. The real question is when we will find out the results. If the race is really as close as the media has portrayed, absentee ballots could delay the results considerably, and we could have something of a mess on our hands. Markets will likely have a swift reaction once a winner is announced, and we will have nothing left to do but move on from there [for more ETF news and analysis subscribe to our free newsletter].

Global Market Overview: Markets Rally Prior To Election Results

Markets finished up for the second straight day, as it seemed that investors were bullish that today’s winner will be good for stocks. The S&P 500 (SPY) gained a healthy 0.78% but it was beat out by the Dow Jones (DIA) which jumped by 0.90%. The tech sector finished up, but not to the extent of its equity counterparts as the Nasdaq (QQQ) rose by about 0.90%. The rally was not just limited to the U.S. as a number of ETFs tracking foreign equities also saw a strong rally during today’s session. Assuming a winner is declared tonight, look for markets to be quite active upon tomorrow’s opening.

Bond ETF Roundup

With equities soaring on the day, the fixed income space took a hit, as most major bond ETFs finished the day lower. The lone winner was the SPDR High Yield Bond ETF (JNK) which was able to edge up 0.10% for the day. As for the rest, the equity rally seems to have taken funds from the fixed income space. This could also be speculative bets that whoever wins tomorrow’s election will be bad news for this asset class [see also 101 ETF Lessons Every Financial Advisor Should Learn].

Commodity ETF Roundup

Equities may have rallied, but commodities surged on the day, as general bullishness was able to push most major hard assets higher. Precious metals and energy were among the top performers on a day where the dollar slightly down. Gold and oil should be especially active after the results are announced, as these products tend to attract the most speculative traders.

ETF Chart of the Day #1: USO

Crude oil was one of the best performers on the day, as USO was able to tack on a healthy 3%. The fund jumped at the open, but its real gains came at midday, when a buying trend caught fire for this futures-based product [see also Crude Oil Guide: Brent Vs. WTI, What's The Difference?].

ETF Chart of the Day #2: GDX

With gold turning in a nice performance, the gold equity space was able to do the same, as this fund jumped by 1.9% for the day. GDX will more than likely be volatile for the remainder of the week as gold is sure to bounce around after it mulls over who will be our next president.

ETF Fun Fact of The Day

The best performing regional ETFdb portfolio YTD is our Africa-Centric Portfolio; this strategy is up 15.9% thus far on the year.

Follow me on Twitter @JaredCummans

[For more ETF analysis, make sure to sign up for our free ETF newsletter or try a free seven day trial to ETFdb Pro]

Click here to read the original article on ETFdb.com.


SDI Glossary: "Bond" Definition
SDI Glossary: "ETFs" Definition
SDI Glossary: "Yield" Definition
This Article's Word Cloud:   Crude   ETFdb   ETFs   Markets   Roundup   able   active   adsbygoogle   after   also   analysis   announced   best   could   election   equities   equity   finished   fixed   free   from   fund   gold   have   healthy   here   income   jumped   more   most   news   newsletter   performers   push   rally   real   results   space   speculative   sure   that   this   today   tomorrow   upon   were   when   which   will   winner

| More

IWD, MRK, CSCO, MDT: ETF Outflow Alert
Fri, Jul 22, 10:59 AM ET, by ETF Channel

Symbols mentioned in this story: IWD, MRK, CSCO, MDT Exchange traded funds (ETFs) trade just ...

IWB, JNJ, JPM, HD: Large Inflows Detected at ETF
Fri, Jul 22, 10:59 AM ET, by ETF Channel

Symbols mentioned in this story: IWB, JNJ, JPM, HD Exchange traded funds (ETFs) trade just ...

MGLN Crosses Above Average Analyst Target
Fri, Jul 22, 8:19 AM ET, by ETF Channel

In recent trading, shares of Magellan Health Inc. (MGLN) have crossed above the average analyst ...

CPLA Crosses Above Average Analyst Target
Fri, Jul 22, 8:19 AM ET, by ETF Channel

In recent trading, shares of Capella Education Company (CPLA) have crossed above the average analyst ...

RLYP Crosses Above Average Analyst Target
Fri, Jul 22, 8:19 AM ET, by ETF Channel

In recent trading, shares of Relypsa, Inc (RLYP) have crossed above the average analyst 12-month ...

QCOM Crosses Above Average Analyst Target
Fri, Jul 22, 8:19 AM ET, by ETF Channel

In recent trading, shares of Qualcomm, Inc. (QCOM) have crossed above the average analyst 12-month ...

OUTR Crosses Above Average Analyst Target
Fri, Jul 22, 8:19 AM ET, by ETF Channel

In recent trading, shares of Outerwall Inc (OUTR) have crossed above the average analyst 12-month ...

UTEK Crosses Above Average Analyst Target
Fri, Jul 22, 8:19 AM ET, by ETF Channel

In recent trading, shares of Ultratech Inc (UTEK) have crossed above the average analyst 12-month ...

INFO Crosses Above Average Analyst Target
Fri, Jul 22, 8:19 AM ET, by ETF Channel

In recent trading, shares of IHS Markit Ltd (INFO) have crossed above the average analyst ...

ABY Crosses Above Average Analyst Target
Fri, Jul 22, 8:19 AM ET, by ETF Channel

In recent trading, shares of Atlantica Yield plc (ABY) have crossed above the average analyst ...

eBay Reaches Analyst Target Price
Fri, Jul 22, 8:19 AM ET, by ETF Channel

In recent trading, shares of eBay Inc. (EBAY) have crossed above the average analyst 12-month ...

Sanderson Farms Reaches Analyst Target Price
Fri, Jul 22, 8:19 AM ET, by ETF Channel

In recent trading, shares of Sanderson Farms Inc (SAFM) have crossed above the average analyst ...

PG&E Moves Up In Analyst Rankings, Passing American Electric Power Company
Thu, Jul 21, 11:49 AM ET, by ETF Channel

In a study of analyst recommendations at the major brokerages, for the underlying components of ...

PFF, WFC, HSBC, DB: Large Inflows Detected at ETF
Thu, Jul 21, 10:49 AM ET, by ETF Channel

Symbols mentioned in this story: PFF, WFC, HSBC, DB Exchange traded funds (ETFs) trade just ...

MDY, MTD, WWAV, INGR: ETF Inflow Alert
Thu, Jul 21, 10:49 AM ET, by ETF Channel

Symbols mentioned in this story: MDY, MTD, WWAV, INGR Exchange traded funds (ETFs) trade just ...

IVV, GE, AMZN, FB: Large Inflows Detected at ETF
Thu, Jul 21, 10:49 AM ET, by ETF Channel

Symbols mentioned in this story: IVV, GE, AMZN, FB Exchange traded funds (ETFs) trade just ...

PRFZ, EZPW, GOV, SEIC: ETF Inflow Alert
Thu, Jul 21, 10:49 AM ET, by ETF Channel

Symbols mentioned in this story: PRFZ, EZPW, GOV, SEIC Exchange traded funds (ETFs) trade just ...

IYR, AMT, PSA, CCI: Large Inflows Detected at ETF
Thu, Jul 21, 10:49 AM ET, by ETF Channel

Symbols mentioned in this story: IYR, AMT, PSA, CCI Exchange traded funds (ETFs) trade just ...

VOO: ETF Inflow Alert
Thu, Jul 21, 10:49 AM ET, by ETF Channel

Symbols mentioned in this story: VOO Exchange traded funds (ETFs) trade just like stocks, but ...

Mobile Mini Reaches Analyst Target Price
Thu, Jul 21, 9:59 AM ET, by ETF Channel

In recent trading, shares of Mobile Mini, Inc. (MINI) have crossed above the average analyst ...

MCHP Crosses Above Average Analyst Target
Thu, Jul 21, 9:59 AM ET, by ETF Channel

In recent trading, shares of Microchip Technology Inc (MCHP) have crossed above the average analyst ...

Cisco Systems Reaches Analyst Target Price
Thu, Jul 21, 9:59 AM ET, by ETF Channel

In recent trading, shares of Cisco Systems, Inc. (CSCO) have crossed above the average analyst ...

TWOU Crosses Above Average Analyst Target
Thu, Jul 21, 9:59 AM ET, by ETF Channel

In recent trading, shares of 2U Inc (TWOU) have crossed above the average analyst 12-month ...

PCTY Crosses Above Average Analyst Target
Thu, Jul 21, 9:59 AM ET, by ETF Channel

In recent trading, shares of Paylocity Holding Corp (PCTY) have crossed above the average analyst ...

Big 5 Sporting Goods Reaches Analyst Target Price
Thu, Jul 21, 9:59 AM ET, by ETF Channel

In recent trading, shares of Big 5 Sporting Goods Corp (BGFV) have crossed above the ...

OMAB Crosses Above Average Analyst Target
Thu, Jul 21, 9:59 AM ET, by ETF Channel

In recent trading, shares of Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) have ...

Ligand Pharmaceuticals Reaches Analyst Target Price
Thu, Jul 21, 9:59 AM ET, by ETF Channel

In recent trading, shares of Ligand Pharmaceuticals Inc (LGND) have crossed above the average analyst ...

MKS Instruments Reaches Analyst Target Price
Thu, Jul 21, 9:59 AM ET, by ETF Channel

In recent trading, shares of MKS Instruments Inc (MKSI) have crossed above the average analyst ...

Analog Devices Reaches Analyst Target Price
Thu, Jul 21, 9:59 AM ET, by ETF Channel

In recent trading, shares of Analog Devices, Inc. (ADI) have crossed above the average analyst ...

AptarGroup Reaches Analyst Target Price
Thu, Jul 21, 9:49 AM ET, by ETF Channel

In recent trading, shares of AptarGroup Inc. (ATR) have crossed above the average analyst 12-month ...

Halyard Health Reaches Analyst Target Price
Thu, Jul 21, 9:49 AM ET, by ETF Channel

In recent trading, shares of Halyard Health Inc (HYH) have crossed above the average analyst ...

PRTY Crosses Above Average Analyst Target
Thu, Jul 21, 9:49 AM ET, by ETF Channel

In recent trading, shares of Party City Holdco Inc (PRTY) have crossed above the average ...

Maxim Integrated Products Reaches Analyst Target Price
Thu, Jul 21, 9:49 AM ET, by ETF Channel

In recent trading, shares of Maxim Integrated Products, Inc. (MXIM) have crossed above the average ...

Zumiez Reaches Analyst Target Price
Thu, Jul 21, 9:49 AM ET, by ETF Channel

In recent trading, shares of Zumiez Inc (ZUMZ) have crossed above the average analyst 12-month ...

Quotient Technology Reaches Analyst Target Price
Thu, Jul 21, 9:49 AM ET, by ETF Channel

In recent trading, shares of Quotient Technology Inc (QUOT) have crossed above the average analyst ...

FBHS Crosses Above Average Analyst Target
Thu, Jul 21, 9:39 AM ET, by ETF Channel

In recent trading, shares of Fortune Brands Home & Security, Inc. (FBHS) have crossed above ...

CNP Crosses Above Average Analyst Target
Thu, Jul 21, 9:39 AM ET, by ETF Channel

In recent trading, shares of CenterPoint Energy, Inc (CNP) have crossed above the average analyst ...

CRI Crosses Above Average Analyst Target
Thu, Jul 21, 9:39 AM ET, by ETF Channel

In recent trading, shares of Carter's Inc (CRI) have crossed above the average analyst 12-month ...

Community Healthcare Trust Reaches Analyst Target Price
Thu, Jul 21, 9:39 AM ET, by ETF Channel

In recent trading, shares of Community Healthcare Trust Inc (CHCT) have crossed above the average ...

Lannett Reaches Analyst Target Price
Thu, Jul 21, 9:39 AM ET, by ETF Channel

In recent trading, shares of Lannett Co., Inc. (LCI) have crossed above the average analyst ...

Olin Reaches Analyst Target Price
Thu, Jul 21, 9:39 AM ET, by ETF Channel

In recent trading, shares of Olin Corp. (OLN) have crossed above the average analyst 12-month ...

AWH Crosses Above Average Analyst Target
Thu, Jul 21, 9:39 AM ET, by ETF Channel

In recent trading, shares of Allied World Assurance Company Holdings AG (AWH) have crossed above ...

XRS Crosses Above Average Analyst Target
Thu, Jul 21, 9:39 AM ET, by ETF Channel

In recent trading, shares of TAL Education Group (XRS) have crossed above the average analyst ...

BIG Crosses Above Average Analyst Target
Thu, Jul 21, 9:39 AM ET, by ETF Channel

In recent trading, shares of Big Lots, Inc. (BIG) have crossed above the average analyst ...

Louisiana-Pacific Reaches Analyst Target Price
Thu, Jul 21, 9:39 AM ET, by ETF Channel

In recent trading, shares of Louisiana-Pacific Corp. (LPX) have crossed above the average analyst 12-month ...

Add Up The Parts: PXSG Could Be Worth $29
Thu, Jul 21, 9:29 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

CNHI Crosses Above Average Analyst Target
Thu, Jul 21, 9:29 AM ET, by ETF Channel

In recent trading, shares of CNH Industrial N.V. (CNHI) have crossed above the average analyst ...

We Did The Math QQXT Can Go To $45
Thu, Jul 21, 9:29 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

LOCK Crosses Above Average Analyst Target
Thu, Jul 21, 9:29 AM ET, by ETF Channel

In recent trading, shares of Lifelock Inc (LOCK) have crossed above the average analyst 12-month ...

AECOM Reaches Analyst Target Price
Thu, Jul 21, 9:29 AM ET, by ETF Channel

In recent trading, shares of AECOM (ACM) have crossed above the average analyst 12-month target ...

  More articles:  1 2 3 4 5 6 7 next »

ABOUT US »   ADVERTISE »   CONTACT US »   TERMS OF USE & PRIVACY POLICY »

ETF Daily Roundup: Markets Rally Prior To Election Results | Self Directed Investor | Copyright © 2008 - 2016, All Rights Reserved

Any ideas and opinions presented in Self Directed Investor content are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All site visitors agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

SDI is associated with: ValueForum.com -- a subscription-based online social networking forum of serious individual investors. | MarketNewsVideo.com -- videos appearing on SDI are produced by Market News Video. | TickerTech.com -- stock quote content appearing on SDI is at least 20 minutes delayed and is powered by Ticker Technologies. | GoldStockStrategist.com -- Edited by Scott V. Nystrom, PhD, Gold Stock Strategist provides analysis on gold mining companies.