TradingMarkets 7 ETFs You Need to Know for Tuesday
Equity index ETFs were little changed to start the trading week, allowing exchange-traded funds like the Dow DIAMONDS ETF
(
DIA |
Quote |
Chart |
News |
PowerRating) and the S&P 500 SPDRS ETF
(
SPY |
Quote |
Chart |
News |
PowerRating) to close in neutral territory ahead of Tuesday’s trading.
Among country funds, the iShares FTSE / Xinhua China 25 ETF
(
FXI |
Quote |
Chart |
News |
PowerRating) closed down by more than 1% on Tuesday, nearing oversold territory above the 200-day moving avearge.
Here are 7 ETFs You Need to Know for Tuesday.
Among the top ETF PowerRatings funds for Tuesday are country funds like the iShares MSCI Australia Index Fund ETF
(
EWA |
Quote |
Chart |
News |
PowerRating) and sector funds like the iShares S&P North American Natural Resources ETF
(
IGE |
Quote |
Chart |
News |
PowerRating), both of which earned ETF PowerRatings of 9 late in trading on Monday.
Learn more about ETF PowerRatings. Our top rated funds have made significant short term gains nearly 80% of the time. Click here to learn more.
What selling there was on Monday was most aggressive in the financial sector. Up well over 2% late in trading on Monday was the ProShares UltraShort Financial ETF
(
SKF |
Quote |
Chart |
News |
PowerRating), which is leveraged two to one to the inverse of the daily performance of the Dow Jones U.S. Financial Index of stocks including JP Morgan Chase
(
JPM |
Quote |
Chart |
News |
PowerRating) and Wells Fargo
(
WFC |
Quote |
Chart |
News |
PowerRating).
After pulling back for three days in a row, many energy ETFs closed higher on an open to close basis on Monday, but remain in oversold territory going into trading on Tuesday. Among these exchange-traded funds are both leveraged ETFs like the ProShares Ultra Oil & Gas ETF
(
DIG |
Quote |
Chart |
News |
PowerRating) and unleveraged funds like the Energy Select Sector SPDR ETF
(
XLE |
Quote |
Chart |
News |
PowerRating).
What are the two most important moving averages for exchange-traded fund traders? Click here to find out what our research tells us are the two moving averages to watch.
The dramatic pullback in precious metals ETFs like the iShares Silver Trust ETF
(
SLV |
Quote |
Chart |
News |
PowerRating) and the SPDR Gold Shares ETF
(
GLD |
Quote |
Chart |
News |
PowerRating) had buyers moving in after both funds gapped lower on the open on Monday. That said, both SLV and GLD remain in oversold territory above the 200-day moving average going into Tuesday’s trading.