The bulls continue to reign supreme on Wall Street as buying pressures mounted even after domestic economic reports came in mixed. Investors focused on stimulus hopes and major equity indexes continued their ascent to record highs in light of lackluster manufacturing data; industrial production for April posted a 0.5% contraction, marking a noticeable deterioration from last month’s positive reading of 0.3%. On the bright side, the homebuilders’ index posted a modest improvement, coming in at 44 compared to last month’s reading of 41 [see also The Cheapest ETF For Every Investment Objective]. Our ETF to watch for today is the SPDR Gold Trust , which will look to hold above a major support level after investors digest the latest U.S. CPI report. Analyst are expecting for inflation to come in at 1.8%, which would mark a minimal decrease from last month’s reading of 1.9%. Chart Analysis Consider GLD’s one-year daily performance chart below. Since [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Options Strategies: Neutral Calendar Spread Explained 7 Articles ETF Investors Must Read: 4/18 Gold Hitting Two-Year Lows: Are Glory Days Done? Daily ETF Roundup: Stocks Rebound From Worst One-Day Drop In 2013 Daily ETF Roundup: Dow Tumbles, Posting Worst One-Day Drop In 2013