Stocks bounced all over the place yesterday as dismal housing data kept a lid on optimism. Major equity indexes managed to hold onto modest gains as the closing bell rang, except for the Nasdaq; shares of Apple shed another 2% on the day as pre-earnings jitters dragged down the entire tech sector [see also High-Tech ETFdb Portfolio]. Gold prices inched higher from Monday’s close, although selling pressures pushed futures prices lower during Wall Street hours, settling around $1,640 an ounce. The precious yellow metal could see volatile trading later today as investors digest commentary from the latest FOMC announcement. As such, our ETF to watch for the day is the popular SPDR Gold Trust (GLD), which may see an increase in trading volumes depending on which way Bernanke’s words tip the market [see Free Report: Everything You Need To Know About Commodity ETFs]. Chart Analysis GLD has been slumping along [...] Click here to read the original article on ETFdb.com. Related Posts: Which Fundamentals Are Driving Gold ETFs? The Best Gold ETF…Isn’t An ETF Daily ETF Roundup: GLD Gains On Market Fears, UNG Slips On High Supplies ETF Insider: The Uptrend Remains For Now Three ETFs To Watch This Week: EWL, FXB, GLD
Stocks bounced all over the place yesterday as dismal housing data kept a lid on optimism. Major equity indexes managed to hold onto modest gains as the closing bell rang, except for the Nasdaq; shares of Apple shed another 2% on the day as pre-earnings jitters dragged down the entire tech sector [see also High-Tech ETFdb Portfolio]. Gold prices inched higher from Monday’s close, although selling pressures pushed futures prices lower during Wall Street hours, settling around $1,640 an ounce. The precious yellow metal could see volatile trading later today as investors digest commentary from the latest FOMC announcement. As such, our ETF to watch for the day is the popular SPDR Gold Trust (GLD), which may see an increase in trading volumes depending on which way Bernanke’s words tip the market [see Free Report: Everything You Need To Know About Commodity ETFs]. Chart Analysis GLD has been slumping along [...]
Click here to read the original article on ETFdb.com.
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