3 potential ETFs setups

A less than stellar earnings report from Alcoa (AA) on the first major day of earnings season triggered an opening gap down in the broad market. Buyers immediately stepped in and enabled the major indices to rally higher and "fill the gap," but the bears arrived back on the scene and took control just after mid-day. As stocks began to retrace the morning recovery, news of a small plane crashing into a New York City building briefly sent the market sharply lower. With one hour remaining, stocks began to rebound after initial fears of terrorism abated, but the technical damage from the afternoon selloff was already done.