TradingMarkets 7 ETFs You Need to Know for Thursday

On a day with relatively mild movement in stock prices, the financial sector continued to attract buyers while pullbacks were widespread in both the industrials and materials sectors. Among those ETFs slipping into oversold territory above the 200-day, a large number included oil-related funds such as the PowerShares DB Oil Fund ETF
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Here are 7 ETFs You Need to Know for Thursday.

Up more than 1% on the day was the Direxion Daily Financial Bull 3x Shares ETF
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which closed higher for a fourth consecutive session above its 200-day moving average.

With gold bullion reaching new record highs this week, it is little surprise that the SPDR Gold Trust ETF
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is the most overbought ETF in our database. GLD was up slightly on Wednesday after gaining well over 2% on Tuesday.

Among the few ETFs to receive significant ETF PowerRatings upgrades intraday on Wednesday was the iShares MSCI South Korea Index Fund ETF
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, which went from an opening PowerRating of 6 to a late session PowerRating of 8 on the day. EWY was down more than 1%.

Moving closer to oversold territory above the 200-day moving average late in trading on Wednesday were a number of real estate and home construction-related ETFs. These included the iShares Dow Jones U.S. Real Estate Index Fund ETF
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and the Vanguard REIT ETF
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. ITB closed down more than 2% on Wednesday, while VNQ slipped less than 1%.

Most overbought country ETF? Keep an eye open for potential pullbacks in the iShares MSCI Malaysia Index Fund ETF
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which has closed higher for four consecutive trading days above the 200-day moving average and has a 2-period RSI of more than 94.

Among the better performing ETFs on Wednesday was the ProShares UltraShort Real Estate ETF
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, which was up well over 1%.

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