TradingMarkets 7 ETFs You Need to Know for Wednesday
Sector-wise, the deepest pullbacks were found in the healthcare sector, although selling grew among financials over the course of the trading day. Around the globe, country ETFs such as the Market Vectors Russia ETF
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Here are 7 ETFs You Need to Know for Wednesday.
The Dow DIAMONDS ETF
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PowerRating) managed to close at a new year-to-date high on Tuesday, marking its sixth consecutive close in overbought territory above the 200-day moving average.
The PowerShares QQQ Trust ETF
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Closing lower for two days in a row and three out of the past four is the iShares MSCI Japan Index Fund ETF
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PowerRating). Trading above its 200-day moving average, EWJ closed below its short-term, 5-day moving average on Tuesday for the first time since October 5th.
Traders looking for specific exposure to small cap Japanese stocks may consider the iShares MSCI Japan Small Cap Index Fund ETF
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PowerRating). SCJ is more heavily weighted toward stocks in industrial materials companies compared to EWJ, which includes more consumer goods companies in its holdings by sector weighting.
Speaking of industrial shares, the ProShares Ultra Industrials ETF
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PowerRating) slid from overbought territory above the 200-day moving average to neutral on Tuesday. The ETF, which is leveraged two-to-one to the Dow Jones U.S. Industrials index of stocks including, has more than 9% of its assets in one company, General Electric
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PowerRating).
Soaring prices for December crude oil led to gains in the United States Oil Fund
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PowerRating), which advanced by more than 1% on Tuesday.
While gains in precious metals ETFs were muted on Tuesday, base metals ETFs like the PowerShares DB Base Metals ETF
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PowerRating) retreated by more than 2%.