November 14, 2012 at 04:00 AM EST
Wednesday’s ETF Chart To Watch: SPDR S&P Retail ETF (XRT)
The bears continued their dominance on Wall Street as a strong start to the day was countered with a mid-day sell-off, erasing all of the gains and then some. “Fiscal Cliff” woes permeated headlines again and will likely remain at the forefront until policymakers in Washington D.C. hammer out a concrete plan for tackling our massive debt burden. Overseas, European investors’ showed little enthusiasm over the latest Greek “band aid,” referring to the most recent agreement by finance ministers to postpone the nation’s funding deal for November 20 [see also Free 7 Simple & Cheap All-ETF Portfolios]. With U.S. retail sales expected to hit the street later today, our spotlight will focus in on the State Street SPDR S&P Retail ETF , which may see an increase in trading volumes depending on how markets digest the news. Analysts are expecting October retail sales to have contracted by 0.1%, marking a modest decrease from the previous [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Fiscal Cliff Woes Set Volatile Tone ETF Insider: Stocks Await Guidance From Election, Bank Rate Decisions ETF Insider: Sandy Rattles Wall Street ETF Insider: Trading Ideas For Earnings Season Tuesday’s ETF Chart To Watch: SPDR S&P Retail ETF (XRT)
The bears continued their dominance on Wall Street as a strong start to the day was countered with a mid-day sell-off, erasing all of the gains and then some. “Fiscal Cliff” woes permeated headlines again and will likely remain at the forefront until policymakers in Washington D.C. hammer out a concrete plan for tackling our massive debt burden. Overseas, European investors’ showed little enthusiasm over the latest Greek “band aid,” referring to the most recent agreement by finance ministers to postpone the nation’s funding deal for November 20 [see also Free 7 Simple & Cheap All-ETF Portfolios]. With U.S. retail sales expected to hit the street later today, our spotlight will focus in on the State Street SPDR S&P Retail ETF , which may see an increase in trading volumes depending on how markets digest the news. Analysts are expecting October retail sales to have contracted by 0.1%, marking a modest decrease from the previous [...]

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

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