Bullish sentiment permeated Wall Street at this week’s opening bell as positive data welcomed back buyers. U.S. retail sales set a positive tone for the day after this figure increased by 1.1% versus the expected 0.9%. On the equity front, Citigroup stole the headlines after the financial juggernaut reported better-than-expected earnings per share, encouraging the “risk on” trade for the day [see Free 7 Simple & Cheap ETF Portfolios]. Given the recent string of encouraging housing market reports, this latest homebuilders index data should come into the spotlight later today. As such, the State Street SPDR Homebuilders ETF (XHB, A+) is on our radar screen because it may see an increase in trading activity following this release. Analysts are expecting for the latest homebuilders index reading to come in at 42, marking a modest increase from the previous figure of 40 [see also 8% Yield ETFdb Portfolio]. Chart Analysis Since soaring to $26 [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Fed Division Spooks Markets 5 Chart Patterns Every ETF Trader Should Know Thursday’s ETF Chart To Watch: SPDR Homebuilders ETF (XHB) Daily ETF Roundup: XHB Pops, UNG Sinks On Storage Data Daily ETF Roundup: UNG Pops On Weather Reports, XHB Drops
Bullish sentiment permeated Wall Street at this week’s opening bell as positive data welcomed back buyers. U.S. retail sales set a positive tone for the day after this figure increased by 1.1% versus the expected 0.9%. On the equity front, Citigroup stole the headlines after the financial juggernaut reported better-than-expected earnings per share, encouraging the “risk on” trade for the day [see Free 7 Simple & Cheap ETF Portfolios]. Given the recent string of encouraging housing market reports, this latest homebuilders index data should come into the spotlight later today. As such, the State Street SPDR Homebuilders ETF (XHB, A+) is on our radar screen because it may see an increase in trading activity following this release. Analysts are expecting for the latest homebuilders index reading to come in at 42, marking a modest increase from the previous figure of 40 [see also 8% Yield ETFdb Portfolio]. Chart Analysis Since soaring to $26 [...]
Click here to read the original article on ETFdb.com.
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