ETF Insider: Bulls In Drivers Seat

Domestic equity equity indexes struggled near technical resistance levels all of last week, however, the bulls prevailed on Friday. The S&P 500 Index opened and closes every single day above the key resistance level at 1,200; quite a technical feat, given that it failed to break this this level three times in the past three months. Stocks markets are not out of the woods yet by any means as many hurdles remain. Until the Euro zone debt drama is answered and lawmakers present a comprehensive plan we anticipate for volatility to remain lurking in the background. Gold remains range-bound and the precious metal flirted with support at the $1,600 an ounce level last week, and held as anticipated. Weekly Outlook The coming week will focus on the European debt summit and any news from overseas may have a bigger impact on the markets than corporate earnings reports at home. Below, [...] Click here to read the original article on ETFdb.com. Related Posts: Beyond TIP: 10 ETFs To Protect Against Inflation ETF Insider: Greece Flirts With Default ETF Insider: Does Gold Still Glitter? Tuesday’s ETF Chart To Watch: SPDR Gold Trust (GLD) ETF Insider: Equities Back In Black