TradingMarkets 7 ETFs You Need to Know for Wednesday
Financials continued to move higher as energy ETFs rebounded on Tuesday. Gaining more than 5% on the day was the Direxion Daily Financial Bull 3x Shares ETF
(
FAS |
Quote |
Chart |
News |
PowerRating), which had closed lower for the past three days in a row.
Here are 7 ETFs You Need to Know for Wednesday.
A bounce in the price of crude oil saw the United States Oil Fund ETF
(
USO |
Quote |
Chart |
News |
PowerRating) gain nearly 3% intraday on Tuesday. Correspondingly, energy ETFs were moving higher, as well, with the ProShares Ultra Oil & Gas ETF
(
DIG |
Quote |
Chart |
News |
PowerRating) up well over 2% on the day.
A three-day pullback in the iShares MSCI Hong Kong ETF
(
EWH |
Quote |
Chart |
News |
PowerRating) led to a big bounce on Tuesday as the Asian country ETF gained more than 2% late in trading on Tuesday. But the rally in crude oil truly paid off for the Market Vectors Russia ETF
(
RSX |
Quote |
Chart |
News |
PowerRating) – which we noted as oversold in yesterday’s 7 ETFs You Need to Know. RSX gained more than 4% in trading on Tuesday.
Two days in overbought territory below the 200-day moving average were enough to bring out the sellers in the PowerShares DB U.S. Dollar Bearish ETF
(
UDN |
Quote |
Chart |
News |
PowerRating), which reversed to fall to new lows on Tuesday.
After the brief sell-off on Monday, the VIX or CBOE Volatility Index, has begun to extend itself below its 10-day moving average. Traders can trade the VIX in the short term through products like the iPath S&P 500 VIX Short-Term Futures ETN
(
VXX |
Quote |
Chart |
News |
PowerRating).
Up more than 1% on Tuesday was the Vanguard Pacific ETF
(
VPL |
Quote |
Chart |
News |
PowerRating). VPL is designed to mimic the performance of the MSCI Pacific Index of stocks from countries such as Australia, New Zealand, Singapore, Hong Kong and Japan.
With Larry Connors’ High Probability ETF Trading Software, retail traders have access to the same kind of “buy the selling, sell the buying” trading strategies that professional traders have used successfully for decades.
Click here to start your free trial to Larry Connors’ High Probability ETF Trading Software today!