The Polish markets surged on Monday, powering PLND and the newer iShares MSCI Poland Investable Market Index Fund ( EPOL) higher. On Monday, strength from the euro helped lift confidence in the global economic recovery.
A forecast for hot weather is leading investors to anticipate a welcomed uptick in demand for natural gas. Since the end of May, UNG has seen an impressive rally, erasing a good portion of the losses felt during the opening months of 2010. With BP's busted well still pouring oil into the Gulf of Mexico, I expect the sentiment toward natural gas to only get better. However, UNG is not the best way to play this fuel. Instead, investors should use an equity-based product such as First Trust Revere-ISE Natural Gas Index ETF ( FCG).
Strength in the euro lifted some of the more troubled euro-bloc nations. Italy was the largest beneficiary of the group despite seeing its national debt flirt with €2 trillion. Over the weekend, Italy's minister of the economy announced that starting next year, EU countries will coordinate budgets. Previously, each nation structured their budget independently.
PowerShares Wilderhill Clean Energy Portfolio (PBW) 1.6%
The PowerShares Clean Energy ETF has tumbled along with the rest of the market in recent weeks. However BP's troubles in the Gulf of Mexico are highlighting the darkest qualities of the oil industry and putting alternative energy firms into the favorable spotlight.
In trading on Thursday, shares of the Poland ETF entered into oversold territory, changing hands as low as $17.06 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
In trading on Tuesday, shares of the Poland ETF entered into oversold territory, changing hands as low as $19.30 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.