Wednesday’s ETF Chart To Watch: DIA In Spotlight With GDP Data

By: ETFdb
Stocks inched higher on Tuesday following Monday’s rather weak start to the trading week, as investors geared up for a slew of major data releases in the coming days. For the most part, stocks oscillated as investors were reluctant to make any big plays ahead of this morning’s GDP release and the FOMC announcement in the afternoon [see also The Complete Visual History Of SPY]. Our fund to watch for the day is the Dow Jones Industrial Average ETF , which will attempt to summit a major resistance level as investors digest the latest economic growth data. Analysts are expecting for second quarter U.S. GDP to post growth of 1.0%, which would mark a notable deterioration from the previous reading, which stood at 1.8%. Chart Analysis Consider DIA’s one-year daily performance chart below. U.S. markets have been on a tear all year and DIA has enjoyed a steady run to record highs amid [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: MOO Tumbles After Russian Potash News, VOX Slumps Daily ETF Roundup: BJK Slumps After Wynn Resorts Earnings, XLE Slips ETF Insider: Buy On The Dip Prospects July 29th Edition Daily ETF Roundup: Stocks End Flat, PEJ Rallies After Starbucks’ Earnings Daily ETF Roundup: PNQI Pops On Facebook Earnings, XLB Rises On Durable Goods
Stocks inched higher on Tuesday following Monday’s rather weak start to the trading week, as investors geared up for a slew of major data releases in the coming days. For the most part, stocks oscillated as investors were reluctant to make any big plays ahead of this morning’s GDP release and the FOMC announcement in the afternoon [see also The Complete Visual History Of SPY]. Our fund to watch for the day is the Dow Jones Industrial Average ETF , which will attempt to summit a major resistance level as investors digest the latest economic growth data. Analysts are expecting for second quarter U.S. GDP to post growth of 1.0%, which would mark a notable deterioration from the previous reading, which stood at 1.8%.  Chart Analysis Consider DIA’s one-year daily performance chart below. U.S. markets have been on a tear all year and DIA has enjoyed a steady run to record highs amid [...]

Click here to read the original article on ETFdb.com.

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