The bulls pumped the breaks a bit on Tuesday as profit-taking pressures inevitably swept in following last week’s stellar run-up. The Dow Jones Industrial Average continued its green streak, however, after small business confidence data came in better than expected, while both the S&P 500 and Nasdaq closed in shallow red territory as the closing bell rang. Investors will focus their attention on the homefront later today as February’s retail sales report hits the Street at the opening bell. As such, the State Street SPDR S&P Retail ETF will be on our radar screen as this fund could see volatile trading after markets digest the latest sales data. Analysts are expecting the February retail sales figure to post growth of 0.7% versus last month’s reading, which came in at 0.1% [see How To Take Profits And Cut Losses When Trading ETFs]. Chart Analysis XRT has been climbing higher along rising support (blue line) for [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bears Lurking In Uncharted Territory 3 ETFs To Watch This Week: EWJ, XRT, ENZL ETF Insider: Buy The Dips With Caution Daily ETF Roundup: Retail Sales Pop, Apple Drags On Tech Tuesday’s ETF Chart To Watch: SPDR S&P Retail ETF (XRT)
The bulls pumped the breaks a bit on Tuesday as profit-taking pressures inevitably swept in following last week’s stellar run-up. The Dow Jones Industrial Average continued its green streak, however, after small business confidence data came in better than expected, while both the S&P 500 and Nasdaq closed in shallow red territory as the closing bell rang. Investors will focus their attention on the homefront later today as February’s retail sales report hits the Street at the opening bell. As such, the State Street SPDR S&P Retail ETF will be on our radar screen as this fund could see volatile trading after markets digest the latest sales data. Analysts are expecting the February retail sales figure to post growth of 0.7% versus last month’s reading, which came in at 0.1% [see How To Take Profits And Cut Losses When Trading ETFs]. Chart Analysis XRT has been climbing higher along rising support (blue line) for [...]
Click here to read the original article on ETFdb.com.
Related Posts:
