Wall Street started the week with a rally as investors regained some optimism over the weekend, although the euro zone debt drama has by no means been resolved. Tuesday was a wild day, as equity indexes gapped much higher at the open, but failed to hold onto gains for the whole session and sold-off hard during the final hour of trading. Volatility is still lurking around the corner, and this was made crystal clear today as domestic equity indexes plunged lower with no major news headlines behind the sell-off. Gold is losing a bit of its luster as the precious metal sank deep on Monday, with futures prices hitting a low of $1,535 an ounce. Prices for the yellow metal settled just above $1,600 an ounce today while crude oil drifted back down to $80 a barrel in late Wednesday trading. Checking In: Trading Ideas This week, our technical trading [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Does Gold Still Glitter? ProShares Files For Innovative ‘Inflation ETFs’ The Best Dividend ETFs Aren’t Dividend ETFs At All Five ETFs To Watch Ahead Of Ben Bernanke’s Jackson Hole Speech Wednesday’s ETF To Watch: Alerian MLP Index ETN (AMJ)
Wall Street started the week with a rally as investors regained some optimism over the weekend, although the euro zone debt drama has by no means been resolved. Tuesday was a wild day, as equity indexes gapped much higher at the open, but failed to hold onto gains for the whole session and sold-off hard during the final hour of trading. Volatility is still lurking around the corner, and this was made crystal clear today as domestic equity indexes plunged lower with no major news headlines behind the sell-off. Gold is losing a bit of its luster as the precious metal sank deep on Monday, with futures prices hitting a low of $1,535 an ounce. Prices for the yellow metal settled just above $1,600 an ounce today while crude oil drifted back down to $80 a barrel in late Wednesday trading. Checking In: Trading Ideas This week, our technical trading [...]
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