NEW YORK (TheStreet) -- Here are five ETFs to watch this week.
SPDR S&P 500 ETF (SPY)
The bull market turned three at the end of last week, celebrating with another encouraging jobs report. This promising news made for an optimistic end to a choppy week of trading.
In the opening months of 2012, we have seen some solid signs of improvement. However, it is clear that hurdles remain. If the marketplace can follow up Friday's jobs number with some strength, a return to the highs for the year could be in the cards. Even in periods of optimism, however, it is important to maintain a level of protection. It is unclear when the next market-moving headwind will surface.
Despite my preference, however, IYR has struggled to pick a direction in recent weeks. Since late February, the fund has traded sideways. As it approaches its 50-day moving average, it will be interesting to see where it heads next. iPath Dow Jones UBS Natural Gas Subindex Total Return ETN (GAZ) The premium underlying the GAZ is still hovering around 100% as investors continue to make an effort to position themselves for a potential natural gas turnaround. The wild interest in this disconnected ETN comes even as fellow futures-tracker, the United States Natural Gas Fund (UNG) slides to all-time lows. UNG currently boasts no premium. Continue to avoid the broken GAZ. As long as this premium persists, the fund is susceptible to wild swings in both directions. iShares MSCI EMU Index Fund (EZU) Ghosts of 2011 cropped up early last week as the EU's debt woes and China growth doubts dominated headlines. The past few days were particularly exciting for Greece as it once again struggled to avert crisis. Worries flared, but by Friday, some tension had lifted. Reportedly, the troubled nation was successful in organizing a massive debt-swap deal. This exchange was one of the requirements needed to secure its second bailout package.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV