5 ETFs Up 20% Last Week

In a week furthering the upward trend in equities, there were a few standout ETFs moving more than 20% for the week. For you momentum investors out there, these may be worth checking out.

TAN (TAN) - Claymore/MAC Global Solar Energy - Up 32%

The solar sector jumped on positive news on multiple fronts, from further endorsements from the administration to Chinese subsidies.

FAS (FAS) - Direxion Financial Bull 3X Shares - Up 27%

This ETF’s a routine mention here (”Recovery Editions 1&2“) and represents a 3X leveraged return on shares of banking/financial companies. Basically, any bet on success of the recent plans to shore up Financials by taking the toxic assets off their books - and the private cash hoards required to do it, will bode well for the sector. So far, it’s looking like if the auctions are structured right, and with the government backstop, Financials may do quite well (comparatively speaking following their descent to near-insolvency) moving forward.

KWT (KWT) - Market Vectors Solar Energy - Up 26%

Same solar story, different holdings/ratios than TAN.

TNA (TNA) - Direxion Small Cap Bull 3X Shares - Up 21%

This is another 3X leveraged play, but on small cap shares rather than Financials. If you feel that small caps are coming back, but want to steer clear of financials, you could either go with this one or even do a pairs trade by going Long TNA and Short FAS.

ITB (ITB) - iShares Dow Jones US Home Construction - Up 21%

This is a play on the rebound in homebuilding. While it may be decades until the next euphoric boom we say in homebuilding occurs (this will happen again, just not while the crash is fresh in our minds), these shares were so beaten down, that any positive news on the new homes front bodes well for the sector.

3X ETFs - You’ll want to read up on the Ins and Outs of 3X ETFs prior to investing if these are new to you.

Disclosure: Long FAS options with FAZ hedge. No other positions in aforementioned ETFs.

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