February 27, 2013 at 04:00 AM EST
Wednesday’s ETF Chart To Watch: Industrial Select Sector SPDR (XLI)
Equities appear to be resuming their uptrend without much of a struggle, showcasing their resilience when considering last week’s short-lived, but steep, sell-off. The bulls had few reasons to stay on the sidelines on Tuesday amid a sea of better-than-expected economic data on the home front; the Case-Shiller Home Price Index came in at 6.8%, marking a massive improvement over last month’s figure of 5.5%, while new home sales data also blew past expectations, with this figure coming in at 437,000 compared to the previous month’s reading of 378,000. To top it off, consumer confidence also gave markets a reason to rally after this figure came in at 69.6, trumping estimates of 62.3 as well as last month’s figure of 58.4 [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Investors’ attention will likely remain fixated on the home front later today as durable goods orders data hits the street at the [...] Click here to read the original article on ETFdb.com. Related Posts: 3 ETFs To Watch This Week: VXX, XLI, EWC Daily ETF Roundup: Stocks End Lower After Fed Minutes 3 ETFs To Watch This Week: XLI, XLY, GLD 7 ETFs To Play The Global Manufacturing Rebound In 2013 ETF Insider: The Cliff Becomes Reality
Equities appear to be resuming their uptrend without much of a struggle, showcasing their resilience when considering last week’s short-lived, but steep, sell-off. The bulls had few reasons to stay on the sidelines on Tuesday amid a sea of better-than-expected economic data on the home front; the Case-Shiller Home Price Index came in at 6.8%, marking a massive improvement over last month’s figure of 5.5%, while new home sales data also blew past expectations, with this figure coming in at 437,000 compared to the previous month’s reading of 378,000. To top it off, consumer confidence also gave markets a reason to rally after this figure came in at 69.6, trumping estimates of 62.3 as well as last month’s figure of 58.4 [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Investors’ attention will likely remain fixated on the home front later today as durable goods orders data hits the street at the [...]

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