ETF Outlook for Wednesday, May 28, 2014
iShares MSCI Germany ETF (NYSE: EWG)
A 1.9 percent rally in the price of EWG helped the ETF close at the best level in over six years. All year the ETF had struggled to close above $32 after coming close several times.
The entire Eurozone rallied to begin the week on election results around the region that were viewed as bullish for the economy.
If EWG can hold near the $32 level on any pullbacks this week it would be a long-term buy signal.
Market Vectors Egypt Index ETF (NYSE: EGPT)
Egypt is onto their second day of ...
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