ETF Insider: S&P 500 Pumps Breaks Ahead Of Major Resistance

Bullish price action has persisted for much longer on Wall Street than many had anticipated; following the massive gap higher at the start of the new year, major equity indexes have held onto gains amid the looming uncertainties, perhaps hinting at the possibility for new highs in the coming weeks. What’s truly noteworthy is the fact that stocks remained resilient even after last week’s Fed minutes, during which policymakers noted that the ongoing bond-repurchase program may be coming to an end in 2013 [see Free 7 Simple & Cheap All-ETF Portfolios]. Weekly Outlook Below, we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated by investors: SPDR S&P China ETF : With all eyes on China’s manufacturing sector, the nation’s upcoming CPI report should offer valuable insights into just how hot growth really is overseas. GXC could see volatile trading on Thursday morning as investors react [...] Click here to read the original article on ETFdb.com. Related Posts: Checking In On the 10 Largest ETFs Year To Date Brief History Of ETFs 10 Surprising ETF Stats From Mid Year ETF Data The Most Successful ETFs Of All-Time 101 ETF Lessons Every Financial Advisor Should Learn