Major equity indexes popped higher at the open setting new highs for the year, only to give into lunchtime profit-taking pressures and trade lower into red territory for the rest of the day. Apple made headline news today as the stock extended its gains, hitting an all-time high at $674.88 a share, but was quick to give into profit-taking pressures, which dragged it lower by nearly 1.5% on the day. Domestic benchmarks likely retreated from historical resistance levels in anticipation of today’s FOMC minutes, which should offer insights and valuable economic commentary [see also The Ultimate Guide To Non-Fiat Money]. As such, the iShares Barclays 20 Year Treasury Bond Fund (TLT, B+) is our ETF to watch for the day as it may experience volatile trading after markets digest the latest economic outlook from the FOMC minutes. The Fed report will offer insights as to how board members voted in the last FOMC [...] Click here to read the original article on ETFdb.com. Related Posts: Three “Dividend ETFs” That Go Beyond Stocks Tuesday’s ETF Chart To Watch: Barclays 20 Year Treasury Bond Fund (TLT) Bond ETFs Turn 10 17 ETFs For Day Traders ETF Insider: Earnings Jitters Are Back
Major equity indexes popped higher at the open setting new highs for the year, only to give into lunchtime profit-taking pressures and trade lower into red territory for the rest of the day. Apple made headline news today as the stock extended its gains, hitting an all-time high at $674.88 a share, but was quick to give into profit-taking pressures, which dragged it lower by nearly 1.5% on the day. Domestic benchmarks likely retreated from historical resistance levels in anticipation of today’s FOMC minutes, which should offer insights and valuable economic commentary [see also The Ultimate Guide To Non-Fiat Money]. As such, the iShares Barclays 20 Year Treasury Bond Fund (TLT, B+) is our ETF to watch for the day as it may experience volatile trading after markets digest the latest economic outlook from the FOMC minutes. The Fed report will offer insights as to how board members voted in the last FOMC [...]
Click here to read the original article on ETFdb.com.
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