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TheStreet Open House

5 ETFs to Watch This Week

Stocks in this article: VNM TAN QQQ GDX EWP

iShares MSCI Spain Index Fund (EWP)

For another week, Spain will be a major player to watch as investors and market commentators attempt to determine what's next in the ongoing European drama. Last week was a tumultuous one for the troubled EU member; in addition to learning that its unemployment rate is hovering around 25%, the country was slapped with a downgrade courtesy of Standard & Poor's.

>>Europe's Bank Storms Headed to U.S.

The trials facing Spain and the rest of this monetary bloc are far from resolved. It may be tempting for investors to try and game a potential turnaround, but I urge them to hold off. It is difficult to forecast the day-to-day fluctuations from products like EWP and the iShares MSCI Italy Index Fund (EWI); overzealous investors risk taking some substantial hits here.

Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was long QQQ.
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