ETF Insider: Stocks Hit 2012 Highs

After a lackluster climax to last week’s Jackson Hole speech, investors finally got a dose of the stimulus that the markets have been craving. Major equity benchmarks staged a massive rally this past Thursday as investors rejoiced over the European Central Bank’s announcement of the “outright monetary transaction” plan, which aims to beef up the government bond-buying initiative already underway. Buying euphoria spilled over into Friday, although concerns over the health of the U.S. recovery resurfaced once more as nonfarm payrolls data missed analyst expectations [see also How To Pick The Right ETF Every Time]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Week Performance EZA Long +4.0% ELD Long +1.5% IXC Long +2.6% Our picks from Monday’s Insider posted a very positive performance as bullish fever help to lift virtually every corner of Wall Street higher on the week. Below, we highlight how our trade ideas fared during the week [sign up for a [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Be Wary Of A Steeper Correction ETF Insider: Winning Trades In A Choppy Week ETF Insider: Set Your Stops And Targets Tight ETF Insider: U.S. GDP Welcomes Back Bulls ETF Insider: Run For The Hills