ETF Outlook for the week of March 24, 2014:
iShares NASDAQ Biotechnology Index ETF (NYSE: IBB)
The biotech stocks have been the hottest sector for over a year in the market as they have outperformed when the market rallies and held up better than their peers during sell-offs.
That was until last week. The entire sector took a beating last week with Friday topping things off with a massive volume sell-off. IBB closed below its 50-day moving average for the first time since November and at this point could see more panic selling. The longer-term story remains bullish for the sector, but the question as to where the current sell-off ends remains to be answered.
First Trust Global Auto ETF (NYSE: CARZ)
The issue at General Motors (NYSE: p>