ETF Insider: Be Mindful Of Profit Taking
Posted on July 02, 2012 at 13:28 PM EDT
Equity markets are holding above key technical support levels while developments in Europe and mixed data on the home front continue to pave the way for back-and-forth trading; the S&P 500 Index is once again flirting with resistance near the 1,370 level after bouncing off 1,310 last week. U.S. Treasuries and gold continue to trade sideways although both assets classes appear poised for further upside as they have bounced off near-term support levels [see also The Definitive Guide To The American Eagle Coin]. Weekly Outlook Below, we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated by investors: NASDAQ Global Auto Index Fund (CARZ): This ETF may see a surge in trading volumes on Tuesday as June motor vehicle sales data hits the street. Analysts are expecting for the figure to come in at 13.9 million versus the previous reading of 13.8 [...] Click here to read the original article on ETFdb.com. Related Posts: Australia, Auto ETFs In Focus On May Day ETF Insider: Will Economic Data Derail The Bull Train? ETF Insider: Bears Are Lurking Around The Corner ETF Insider: Be Wary Of Bargain Shopping Definitive Short Dollar ETF Guide: Inverse USD ETFs
Equity markets are holding above key technical support levels while developments in Europe and mixed data on the home front continue to pave the way for back-and-forth trading; the S&P 500 Index is once again flirting with resistance near the 1,370 level after bouncing off 1,310 last week. U.S. Treasuries and gold continue to trade sideways although both assets classes appear poised for further upside as they have bounced off near-term support levels [see also The Definitive Guide To The American Eagle Coin]. Weekly Outlook Below, we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated by investors: NASDAQ Global Auto Index Fund (CARZ): This ETF may see a surge in trading volumes on Tuesday as June motor vehicle sales data hits the street. Analysts are expecting for the figure to come in at 13.9 million versus the previous reading of 13.8 [...]

Click here to read the original article on ETFdb.com.

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