Thursday’s ETF Chart To Watch: Regional Bank HOLDRS (RKH)

Equity markets were broadly higher on Wednesday as investors rejoiced over a robust China GDP report and stimulating words from Chairman Bernanke. “The possibility remains that the recent weakness may prove more persistent than expected and that deflationary risks might reemerge, implying additional policy support,” Bernanke told the House Financial Services Committee, in the first of two days of testimony about economy and monetary policy. Hints of a possible QE3 pushed stocks higher from the opening bell, although the rally did lose steam around lunch time. Gold was also in the green and the hot yellow metal rallied to new highs and futures prices hit $1,588 an ounce. Oil surged as well, hitting $99.21 a barrel mid-day, but consolidated lower towards $98 as trading hours on Wall Street were coming to a close. JPMorgan Chase (JPM) is slated to report its latest earnings tomorrow morning, which makes the HOLDRS Regional [...] Click here to read the original article on ETFdb.com. Related Posts: Friday’s ETF To Watch: Merrill Lynch Regional Bank HOLDR (RKH) Wednesday’s ETF To Watch: Financial Services Fund (IYG) Three ETFs To Watch This Week: XLF, SIL, INP Three ETFs To Watch This Week: XLF, UUP, VIS Financial ETFs Soar On New Basel Rules