AN ETF TO JUMP ON RIGHT NOW
I rarely recommend ETFs for investment. They are too unimaginative for my taste. In a world where you have thousands of stocks to choose from undergoing various forms of pricing illusion, delusion and misinterpretation, ETFs are a lazy investors way out.
I recommended GAZ months ago. I still like it, as I think natural gas prices will be a huge beneficiary of the ramp in crude oil over the next few years.
There is another ETF that I recommended months ago. At the time, I thought it was a little frothy in nature, saying that "I wouldn't be caught dead" in the ETF at that point. That was late February. Fast forward to June and it has pulled back more than 10%. The time seems right to dabble.
The ETF is PXQ. I outlined it in this week's chart review:
click on chart to enlarge
PXQ (NETWORKING INDEX)
PXQ and GAZ. Those are my favorite ETF investments for the time being. Over the short term, I may be buying some SSO or QLD for a short-term trade on a market bounce. I'll update the website if I make the trade.
PXQ is a long-term holding...not meant to be a short-term trade. Upside here is generous in nature.
