TradingMarkets 7 ETFs You Need to Know for Thursday
Overbought extremes above the 200-day moving average only became more extreme on Wednesday as Financial and Energy exchange-traded fund markets soared. Around the globe, the rally of more than 4% from the iShares MSCI Australia Index ETF
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PowerRating) was among the most impressive performances by a country fund on the day.
Here are 7 ETFs You Need to Know for Today
Closing higher for a third day in a row – and the fifth out of the past six – was the Dow DIAMONDS ETF
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PowerRating), up more than 1% on Wednesday.
Up by more than 5% and at its highest levels since December 2008 was the ProShares Ultra Financial ETF
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PowerRating). UYG is built to produce two times the daily performance of the Dow Jones U.S. Financials index of stocks including JP Morgan Chase
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PowerRating) and Wells Fargo
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PowerRating).
Leading the quartet of BRIC nations on Wednesday was the more than 3% rally in the iShares FTSE/Xinhua 25 China ETF
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PowerRating).
Rallying to another 20-day high on Wednesday was the CurrencyShares Euro Trust ETF
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PowerRating). Also reflective of the profound weakness in the U.S. Dollar was the gain of well over 1% in the iShares Silver Trust ETF
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PowerRating).
Despite strength in technology, exchange-traded funds linked specifically to the semiconductor industry continue to lag. The Proshares Ultra Semiconductor ETF
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PowerRating) lost just under half a percent on Wednesday, while the Technology Select Sector SPDRS ETF
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PowerRating), which is non-leveraged, gained over half a percent.
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