TradingMarkets 7 ETFs You Need to Know for Wednesday
Buyers were especially aggressive in the financial sector, sending the ^XLF^ higher by more than 1% and the ^UYG^ up in excess of 2%.
Among the major equity index ETFs, the ^DIA^ representing the Dow industrials struggled to climb into positive territory on the day.
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Here are 7 ETFs You Need to Know for Wednesday.
With markets increasingly overbought, a number of potential trading opportunities are emerging among leveraged ETFs. Earning top leveraged ETF PowerRatings ahead of Wednesday’s trading are the ^ERY^ and the ^DZZ^,
Entering and exiting Tuesday with a leveraged ETF PowerRating of 9 was the ^FAZ^.
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The most oversold exchange-traded fund in our database? The ^PFF^ is among those most under selling pressure, with a 2-period RSI of less than 1.0 as of the Tuesday close.
Closing in overbought territory for six out of the past seven days was the ^GLD^, reflecting the significant buying pressure behind gold on Tuesday. By comparison, silver, as represented by the ^SLV^, slid from overbought territory on the day.
Among regular, non-leveraged, exchange-traded funds taking top ETF PowerRatings into trading on Wednesday is the ^PPH^, which earned the biggest PowerRatings upgrade of the day on Tuesday.