Investing.com - Financial Markets Worldwide

2 ETFs That Might Be Turning A Corner

Published 05/07/2013, 01:03 AM
Updated 07/09/2023, 06:31 AM

Market Vectors Vietnam ETF (VNM) and Market Vectors Coal ETF (KOL) are two ETFs that might be turning the corner and could potentially provide some decent upside performance in the coming weeks to months.

Both ETFs have under-performed over the last couple of months and they could very well continue with their under performance. However, I have always found it helpful and profitable to keep an eye out on under-performing indices/ETFs that might be turning the corner in which they go from out of favor to in favor because once they turn, they normally trend for a while in the new direction.

It’s no secret that the biggest profits come right after severe corrections. I believe that if VNM stays above $19 and KOL above $21 they might go from out of favor to back in favor. It wouldn’t hurt either to look for individual names within the ETFs (if any) for ideas just like we did a week and half ago with in the Steel Sector.

KOL

VNM
Disclosure: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.