In his article on www.thestreet.com, Don Dion wrote about ETFs that should watched this week.
Market Vectors Agribusiness (ETF) MOO will be watched closely by Don Dion because Monsanto Company MON is going to report earnings on Wednesday.
China and Taiwan are going to sign a trade deal that will benefit Taiwan's farm industry. Don Dion thinks that iShares MSCI Taiwan Index (ETF) EWT will see an indirect effect of this deal, while IQ Hedge Multi-Strategy Tracker ETF ETF TWON could have a direct benefit from the deal.
Investors will continue to watch the price action of yuan, and Don Dion is interested in the price action of iShares FTSE/Xinhua China 25 Index (ETF) FXI.
iShares MSCI Switzerland Index Fund(ETF) EWL traded higher last week, as Swiss franc outperformed euro and the dollar. Don Dion believes that franc will decline against the dollar this week, and iShares MSCI Switzerland Index Fund(ETF) (EWL) will probably follow.
It will be interesting to see if gold will be able to close above its all time high. You can take a look at SPDR Gold Trust (ETF) GLD if you are interested in trading gold.
Don Dion thinks that financial stocks will outperform this week. Financial Select Sector SPDR (ETF) XLF is trading approximately 0.80% lower on the first day of the week.
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