Friday’s ETF Chart To Watch: EWC Rebound Hinges On Canada CPI Data

The bears arrived on Wall Street with fury on Thursday as selling pressures hit virtually every corner of the market, sinking stocks, commodities and even bonds lower across the board. Investors locked in profits following hints from the Fed about scaling back on stimulus, while gridlock in the eurozone further leeched away confidence; the European Central Bank reported it probably wouldn’t take over as the region’s bank supervisor until the end of 2014, further delaying these already long-overdue banking regulations [see The Best Dividend ETF For Every Investment Objective]. Our ETF to watch for the day is the MSCI Canada Index Fund , which could swing in either direction at the opening bell as investors react to the latest consumer price index data out of Canada. Analysts are expecting for inflation to come in at 1.2%, which would mark a minimal up-tick from last month’s reading of 1.1%. Chart Analysis Consider EWC’s [...] Click here to read the original article on ETFdb.com. Related Posts: Friday’s ETF Chart To Watch: EWC Battles Resistance Ahead Of Canada’s Employment Report ETF Insider: U.S. Bull Market Hits All-Time Highs ETF Insider: Hedge Your Bullish Bets This Week Wednesday’s ETF Chart To Watch: EWC Tests Support 3 ETFs To Watch This Week: XRT, XHB, EWC