ETF Insider: Caution, Bumpy Trading Ahead

Equity indexes crept up higher since the opening bell at the start of last week, although a grim jobs report on Friday quickly sparked a sell-off, with domestic equities broadly finishing in red territory for the week. The S&P 500 is now back below our outlined support at 1,200 and we advise stepping to the sidelines once again, although active traders can certainly take advantage of the ongoing volatility so long as they are prudent to take profits before they evaporate. Gold appears poised to continue higher as the precious metal has established definitive support above $1,800 an ounce, while uncertainty in the markets will only add to the appeal of the hot yellow metal. Weekly Outlook The coming week is quite lacking in major economic releases on the home front, while investors keeping an eye on international data will have more than a handful to talk about. The Euro [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Beware Of A Dead Cat Bounce Definitive Short Dollar ETF Guide: Inverse USD ETFs ETF Insider: Be Wary Of Bargain Shopping Deutsche Bank Planning International Equity ETFs Three ETFs To Watch This Week: EWC, FXA, EWL