Tuesday’s ETF Chart To Watch: SPDR Gold Trust (GLD)

Equities started the trading week in a hole so speak, opening far below Friday’s close on Monday morning. Stocks did manage to regain some lost ground before lunch time though, and industry giants in the tech sector lead the way higher for much of the day. Investor sentiment in regards to the euro zone is back into pessimistic territory as policymakers failed to come up with a concrete plan over the weekend and last week’s hopes of easing the debt crisis have quickly evaporated.The outlook for the U.S. housing industry also took a hit as the National Association of Home Builders reported a drop in the builder’s sentiment index to 14, from last month’s reading of 15. David Crowe, the NAHB’s chief economist, said that the weakening economy and high unemployment have made short-term prospects for the homebuilding industry “fairly bleak”. Amidst this persistent uncertainty, U.S. Treasuries and bond futures [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Equities Back In Black How Will the U.S. Swine Flu Outbreak Affect the Stock Market and ETFs? ETF Insider: Markets At Fed’s Mercy August ETF Stats: Keeping The Winning Streak Alive (Just Barely) Here’s A Wild Idea: The ETF ETF