TradingMarkets 7 ETFs You Need to Know for Tuesday

Financials, such as the ProShares Ultra Financials ETF
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rallied from oversold conditions on Monday, while pullbacks were more common among energy names such as the Energy Select Sector SPDRS ETF
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and the ProShares Ultra Oil & Gas ETF
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Around the world, exchange-traded funds representing countries like Russia and Brazil remain in oversold territory above the 200-day moving average going into Tuesday’s trading. Top ETF PowerRatings ETFs for Tuesday include: IJT, ITB, VBK.

Here are 7 ETFs You Need to Know for Tuesday.

Among the bigger ETF PowerRatings upgrades on Monday was the upgrade from 5 to 8 in the S&P 500 SPDRS ETF
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, which managed to rally from its intraday lows, but remains in oversold territory above the 200-day moving average.

The highest rated country exchange-traded fund (ETF)? The Market Vectors Russia ETF
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earned an ETF PowerRating upgrade to 10 after becoming even more oversold in Monday’s trading.

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ETFs representing small cap stocks continue to be among the most oversold – and the highest rated – in our ETF PowerRatings database. Among these high-rated exchange-traded funds are the iShares Russell 2000 Value Index ETF
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and the Vanguard Small Cap ETF
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. Both funds were down just under 1% late in trading on Monday.

Among a number of Asian country ETFs that have gained “consider buying” ETF PowerRatings of 8 or higher are the iShares MSCI South Korea Index ETF
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and the iShares MSCI Taiwan Index ETF
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. Both EWY and EWT have earned ETF PowerRatings of 8.

Exchange-traded funds that are overbought below the 200-day moving average are largely inverse and inverse leveraged ETFs like the ProShares Short Dow 30 ETF
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