Top-rated exchange-traded funds (ETFs) like the ^SPY^, the ^QQQQ^ and the ^IWM^ rallied into strength on Monday. Earning upgrades to 10 late last week, ETFs like these were among the many funds that short term traders were able to use to take advantage of short-term weakness and panic in the stock market.
Here’s a look at how the SPY (below) rallied shortly after earning a PowerRatings upgrade to our highest level of 10.
Shares of SPY earned a PowerRatings upgrade to 9 on March 15th, and a further upgrade to 10 one day later. Three days later, the SPY closed higher by more 2.8%.
The pullback in the Russell 2000 Index ETF is another example of how PowerRatings helped traders know when the historical edges were on their side. In the IWM (below), two days with top PowerRatings of 10 led to gains of nearly 3%.
Trade leveraged ETFs? Here’s what happened in the ^ERX^ in the days after it earned a PowerRatings upgrade to our highest rating of 10.
If you’ve been looking for an easy way to know which stocks – and ETFs – are the best stocks and funds to trade every day, then you owe it to yourself to try a free, 7-day trial to PowerRatings. Whether you trade stocks, ETFs, leveraged ETFs or all of the above, PowerRatings can be a valuable resource when it comes to knowing what to buy and when to buy in the stock market every day of the week.
David Penn is Editor in Chief of TradingMarkets.com