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June 14, 2012 at 09:40 AM EDT
Thursday’s ETF Chart To Watch: DB USD Index Bullish (UUP)
Major equity indexes drifted higher into green territory mid-day yesterday only to fall victim to rampant profit-taking pressures just hours before the closing bell on Wall Street. Investors fretted over weak retail sales data on the home front, although looming uncertainties from Greece’s upcoming elections this weekend were the likely culprit behind today’s sell-off. Amidst the back-and-forth trading, crude oil prices fell alongside equities while gold edged higher around $1,620 an ounce [see also The Central Banks Are Buying Gold Like It's 1965]. Investors on the homefront will digest inflation data later today, which makes the PowerShares DB USD Index Bullish (UUP) our ETF to watch for the day. This ETF may experience volatile trading depending on how markets react to the latest consumer price index data; analysts are expecting for the United States. CPI to come in at -0.2% versus the previous reading which came in flat [see 3 ETF Trading Tips You Are Missing]. [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Buy On The Dip With Caution 5 ETF Plays For Doomsday Predictions ETF Insider: Was The Greek Bailout Priced In? Three ETFs To Watch This Week: TVIX, UUP, XRT Daily ETF Roundup: UUP Preys On Euro, XLE Tanks On Oil’s Dip
Major equity indexes drifted higher into green territory mid-day yesterday only to fall victim to rampant profit-taking pressures just hours before the closing bell on Wall Street. Investors fretted over weak retail sales data on the home front, although looming uncertainties from Greece’s upcoming elections this weekend were the likely culprit behind today’s sell-off. Amidst the back-and-forth trading, crude oil prices fell alongside equities while gold edged higher around $1,620 an ounce [see also The Central Banks Are Buying Gold Like It's 1965]. Investors on the homefront will digest inflation data later today, which makes the PowerShares DB USD Index Bullish (UUP) our ETF to watch for the day. This ETF may experience volatile trading depending on how markets react to the latest consumer price index data; analysts are expecting for the United States. CPI to come in at -0.2% versus the previous reading which came in flat [see 3 ETF Trading Tips You Are Missing]. [...]

Click here to read the original article on ETFdb.com.

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