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Trading remains subdued as we enter the last week of trading for 2013. It’s a shortened week, hence the light volume. Economic news featured monthly Pending Home Sales, which rose to 0.2% from 101.7 vs 101.5, the first rise in six months. Nevertheless, this report showed sales were down from 103.3 in November 2012.
Market moving sectors were too widely scattered to identify any trends. Standout performers included a reversal rally in Turkey (TUR) and a decline in the energy sector (XOP). Beyond these few others saw much change.
Today we featured a short video on S&P Metals & Mining ETF (XME) from both weekly and daily chart perspectives.
Our staff also puts together the daily top 20 ETF market movers by percentage change in volume for gainers, decliners and emerging volume.
As you would expect, volume was low and breadth per the WSJ was mixed.
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Tuesday will bring another half day of trading but there are some important economic releases including S&P Case-Shiller HPI, Chicago PMI and Consumer Confidence. These could be market moving as this is the last trading day of 2013 with markets closed Wednesday.
Let’s see what happens.
ETF Digest™
Disclaimer: The charts and comments are only the author’s view of market activity and aren’t recommendations to buy or sell only any security. Market sectors and related ETF’s are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotation’s aren’t predictive of any future market action rather they only demonstrate the author’s opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com