Stocks charged higher on Tuesday as stimulus hopes ahead of today’s FOMC minutes kept confidence levels afloat, while a sparse data front further paved the way higher for major equity benchmarks. Bernanke’s testimony to the Joint Economic Committee of Congress this afternoon should offer some valuable insights into the Fed’s policy stance, which currently follows the “wait-and-see” approach as policymakers recently expressed their willingness to raise or lower bond repurchases depending on how economic conditions evolve. As such, our ETF to watch for today is the SPDR Gold Trust because it has a history of volatile trading following commentary from Fed Chairman Bernanke [see also The Cheapest ETF For Every Investment Objective]. Chart Analysis Consider GLD’s one-year daily performance chart below. Following its steep sell-off in mid-April of this year, GLD managed to rebound sharply. However, as you can see in the chart below, this rebound was short-lived as the precious yellow metal fund failed to summit $145 [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Asia Pacific Country Fund Looks Ripe For Rebound, Gold Offers A Hedge Thursday’s ETF Chart To Watch: GLD Heading To Support Ahead Of U.S. Inflation Data ETF Options Strategies: Neutral Calendar Spread Explained 7 Articles ETF Investors Must Read: 4/18 Gold Hitting Two-Year Lows: Are Glory Days Done?