Tuesday's ETF To Watch: Dow Jones U.S. Telecommunications Index Fund

Jarred Cummans submits:Most commodity markets took a tumble Tuesday as Goldman Sachs issued a warning that oil prices were due for a correction, which along with more poor news out of Japan, prompted oil prices to sink over 3.5% in the session. Equities also fell sharply as all major indexes sank by roughly a percent on the day, mostly thanks to weakness in the natural resource sector as well as some concerns over U.S. government budget cuts.

By Jarred Cummans:Earnings season is well underway and for the most part, the results have been positive. Of the S&P 500 companies that have reported, nearly 75% have beat or met their analyst expectations. Tuesday saw markets cheer on good news regarding Spanish debts, as major benchmarks had one of their best days of the year. But with both Spain and Italy in massive amounts of debt, not to mention Portugal and Ireland, it seems that euro fears will infect the market sooner or later.

By Jarred Cummans:Friday's jobs report seems to have stopped the bull train dead in its tracks. After the best opening quarter in roughly 14 years, 2012 is now cast with uncertainty, as many doubt that economic data can support the current gains that major benchmarks are boasting on the year. The dreaded jobs report showed employment jump by 120,000, a poor result given expectations of 203,000.

By Jarred Cummans:After last week’s bullish run, investors are anxiously waiting to see if we are due for a pullback, or if the bull train will continue at full speed. This week will be relatively quiet, although U.S. markets will likely be very active today as Ben Bernanke is set to testify before congress. Bernanke’s commentary, or lack thereof, on a third quantitative easing program will surely be a big market mover at home.

By Jarred Cummans:Tuesday saw a welcomed bull run on Wall Street as it was announced that a number of major banks had passed their respective stress tests, meaning that they would have enough capital to endure even the most severe scenarios. Investors cheered on the news with a buying trend that show the Dow up to its post-crisis high, as our economy has been showing signs of life as of late. But while the U.S.

By Jarred Cummans:The Japanese economy has been a major point of contention over the last few decades. What once looked like a budding nation fell prey to a terrible recession that has lasted for the better part of three decades. As such, a number of investors have avoided Japan altogether, as there are a slew of ETFs that now focus their Asian strategies around nixing Japanese exposure as many feel it to be portfolio kryptonite.

By Jarred Cummans:This past week was chock full of data on the home front, as the U.S. poured on a number of key economic reports with the majority coming in positive. Despite a sell off on Friday, major indexes still covered some ground this week, as Tuesday saw the Dow close above 13,000 for the first time in years, sparking a bit of investor confidence across the board.

By Jarred Cummans:Today marks the first trading day of the week, as U.S. markets were closed yesterday in observance of President’s Day. This coming week will be relatively calm compared to earlier in the year, as earnings season has ended and a lack of significant data from around the world will hopefully lead to calmer markets.