Wednesday’s ETF Chart To Watch: iShares MSCI Japan Index Fund (EWJ)

Euro zone worries took a backseat as investors instead turned their attention to the latest U.S. housing market data. The bulls came charging through Wall Street on Tuesday as new home starts in November surged to multi-month highs, showing signs of life in the battered down housing market. The Nasdaq charged ahead with a strong 3.19% gain on the day, while the Dow Jones Industrial Averaged clinched and equally impressive 2.87% gain. Gold drifted higher amidst the equity market euphoria and futures prices for the precious metal closed near $1,615 an ounce [see Are Gold ETFs The Best Defense Against Euro Drama?]. The iShares MSCI Japan Index Fund (EWJ) is our ETF to watch for today as it may experience a gap once trading on Wall Street commences later in the day. EWJ could experience volatile trading as investors react to the latest Bank of Japan meeting and economic outlook [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Soars On Surprising Data, EWJ Falls On Japanese Budget Three ETFs To Watch This Week: EWJ, TVIX, VGK ETF Insider: It’s All Greek To Me ETF Insider: Greek Drama Steals Spotlight Daily ETF Roundup: VXX Surges 10% On Market Woes, EWJ Slips On Yen Intervention