Friday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC)

Selling pressures permeated the marketplace as the dreaded sequester became a reality, but major equity indexes remained remarkably resilient given the fairly upbeat U.S. GDP revision. Amid the spending cut fears on Wall Street, weekly employment data kept confidence levels elevated; the latest weekly jobless claims figure showed that 344,000 people had filed for unemployment benefits, marking a healthy improvement from last week’s reading of 366,000 filings [see How To Swing Trade ETFs]. Investors will digest several key reports later today on the home front, including consumer spending and sentiment data, ISM and construction spending, as well as motor vehicle sales. Amid the flurry of releases, some may wish to re-focus their attention to the north as Canada’s GDP will also take center stage. As such, our ETF to watch for the day is the iShares MSCI Canada Index Fund , which may experience volatile trading depending on the latest economic growth data. Analysts are expecting for [...] Click here to read the original article on ETFdb.com. Related Posts: How To Use A Pairs Trading Strategy With ETFs 3 ETFs To Watch This Week: VXX, XLI, EWC Thursday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC) Wednesday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC) Friday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC)