TradingMarkets 7 ETFs You Need to Know for Thursday
Selling in the energy sector weighed on equity index exchange-traded funds (ETFs) like the S&P 500 SPDRS ETF
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The United States Oil Fund ETF
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Here are 7 ETFs You Need to Know for Thursday.
By sector, the financials remain among the more oversold, with ETFs like the Financial Select Sector SPDRS ETF
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Buyers were aggressive in both utilities and basic materials, giving the ProShares Ultra Basic Materials ETF
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Bond ETFs continue to be among those few funds trading in oversold territory above the 200-day moving average. To the two bond exchange-traded funds noted in yesterday’s 7 ETFs You Need to Know, traders can add the iShares iBoxx Investment Grade Corporate Bond ETF
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PowerRating) which closed lower on Wednesday.
Not too long ago among the ranks of the very oversold, technology names have made a significant comeback in recent days. Two of the most overbought ETFs in our database now actually belong to the semiconductor sector: the Semiconductor HOLDRS ETF
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PowerRating)