Thursday’s ETF Chart To Watch: SPDR S&P 500 ETF (SPY)

Traders sprang into risk-aversion mode as the Italian bond auction overseas rekindled worries and sparked a sell-off on Wall Street, ending the five day bull-run for domestic equity indexes. “A good test of the appetite for Italian debt will be tomorrow’s bond sales that have maturities past three years,” said Peter Boockvar, equity strategist at Miller Tabak. Weakness in the euro paved the way higher for the U.S. dollar, which created major headwinds for the precious yellow metal in the futures market as traders took profits left and right . Gold dipped below $1,560 an ounce while crude oil prices settled around $99.50 a barrel as the trading day drew to a close. The final weekly jobless claims report for 2011 will take center stage later today as investors digest year-end economic data. The ultra-popular State Street SPDR S&P 500 ETF (SPY) is on our radar screen for the day [...] Click here to read the original article on ETFdb.com. Related Posts: 10 Equity ETFs That Surged In 2011 (And Might Do The Same In 2012) The Top 10 Cheapest And Most Expensive ETFs ETF Insider: Will Holiday Cheer Be Enough? Thursday’s ETF Chart To Watch: Vanguard European ETF (VGK) November ETF Stats: Small Step Back