With two weeks underway, stocks are taking the lead and gold is taking the lag for 2011. Of the five inter-market related ETFs, the S&P 500 ETF (SPY) and the US Dollar Fund (UUP) are up this year. The USO Oil Fund (USO), 20+ year Bond ETF (TLT) and Gold SPDR (GLD) are down.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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