Click here to listen to previous episodes.
About Chen Lin
Author "What is Chen Buying? What is Chen Selling?" Chen grew $5,400 to $2.3 million in 10 years. Learn More
Investors Seem To Be Dumping The SPY And Buying QQQ Instead
Analyst Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today points out money continuing to leave the world’s largest ETF, continued interest in tech and emerging markets, and finally a well-timed bet on the financial sector declining.
Out With The SPY, In With The QQQ
SPY outflows have been building in the past several sessions, with more than $3.3 billion leaving the fund via redemptions. As we’ve noted recently, the S&P 500 (SPX) continues to struggle at and near the 2276 level, failing to break through its recent highs.
On the flipside, we have seen some buyers around in QQQ (Nasdaq 100), with about $1.5 billion entering that fund on strong leadership lately from the Technology sector.
EM Momentum Chasing Continues
Also on the inflows side after a week of notable outperformance are the Emerging Markets, with IEMG (iShares Core MSCI Emerging Markets) and VWO (Vanguard FTSE Emerging Markets) reeling in $1 billion and over $375 million respectively in recent sessions.
Bearish Financial Bet Pays Off
Finally, we saw some well-timed put buying in XLF (SPDR Financial) late in the week last week, with January 23.50 puts trading. These options are now in-the-money with the sector pulling back this morning
These options also expire this Friday, and the sector will be worth watching closely to see if it can break out of its current range.
Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.
He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.
You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)
Powered by WPeMatico