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ETF Outlook For The Week Of May 19, 2014 (QQQ, EPI, XHB, XLF)

Benzinga.com
0 Comments| May 19, 2014

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PowerShares QQQ ETF (NASDAQ: QQQ)

The ETF that tracks the NASDAQ 100 Index rallied in the final 90 minutes on Friday to end the week with a one percent gain. The sellers were looking to take control of the technology-heavy index heading into the weekend, but late buyers put that theory to rest.

The index continues to lag the S&P 500 and Dow as they both sit just below record highs. Since hitting a low in April, the ETF has been making higher lows and is in the midst of a new mini-uptrend. If that trend continues this week, it will be a positive sign for tech stocks and the entire market.

WisdomTree India Earnings ETF (NYSE: EPI)

After a landslide victory by the opposition party in the world’s largest election last week, all eyes will be on how India’s stocks react this week. EPI was up 10 percent last week and closed at a multi-year ...

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