The bulls took a breather yesterday as profit taking pressures resurfaced due to the S&P 500′s stellar run-up of more than 14% year-to-date. Even after better-than-expected U.S. employment data hit The Street, sellers didn’t hesitate to swoop in and lock in profits ahead of the final trading day of the week; nonetheless, bearish sentiment was contained after weekly jobless claims came in at 323,000, marking a solid improvement over last week’s reading of 327,000 [see also The Cheapest ETF For Every Investment Objective]. Our ETF to watch for the day is the iShares MSCI Canada Index Fund as it could experience volatile trading following the release of the latest monthly Canadian employment data. Analysts are expecting for Canada’s unemployment rate to hold steady at 7.2% while jobs are expected to increase by 15,000, which would mark a healthy improvement in the nation’s labor market recovery following last month’s contraction of 54,500 jobs [see also Rapid Growth Markets Your Portfolio Needs]. [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: U.S. Bull Market Hits All-Time Highs ETF Insider: Hedge Your Bullish Bets This Week Wednesday’s ETF Chart To Watch: EWC Tests Support 3 ETFs To Watch This Week: XRT, XHB, EWC Friday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC)
The bulls took a breather yesterday as profit taking pressures resurfaced due to the S&P 500′s stellar run-up of more than 14% year-to-date. Even after better-than-expected U.S. employment data hit The Street, sellers didn’t hesitate to swoop in and lock in profits ahead of the final trading day of the week; nonetheless, bearish sentiment was contained after weekly jobless claims came in at 323,000, marking a solid improvement over last week’s reading of 327,000 [see also The Cheapest ETF For Every Investment Objective]. Our ETF to watch for the day is the iShares MSCI Canada Index Fund as it could experience volatile trading following the release of the latest monthly Canadian employment data. Analysts are expecting for Canada’s unemployment rate to hold steady at 7.2% while jobs are expected to increase by 15,000, which would mark a healthy improvement in the nation’s labor market recovery following last month’s contraction of 54,500 jobs [see also Rapid Growth Markets Your Portfolio Needs]. [...]
Click here to read the original article on ETFdb.com.
Related Posts:
