TradingMarkets 7 ETFs You Need to Know for Thursday
“Financials up, energies down” was the sector story on Wednesday, driving the latter sector even deeper into oversold territory. Emerging markets ETFs in general were rebounding, while select country ETFs for both Brazil and China remained under pressure and are increasingly oversold.
Here are 7 ETFs You Need to Know for Thursday.
Higher prices for both Bank of America
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Pulling back on Wednesday were energy shares, led by Exxon Mobil
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Also moving lower for a third consecutive session were the Rydex CurrencyShares British Pound Sterling Trust ETF
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PowerRating). The pullback represents the third failed attempt by buyers to keep the FXB above its 50-day moving average since early December 2008.
Rising toward technical resistance at its own 50-day moving average is the Market Vectors Russia ETF
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PowerRating), which was up more than 4% on Wednesday.
Looking for yield in all the wrong places? Try exchange-traded funds instead where ETF investors can take advantage of funds like the PowerShares Preferred Financial ETF
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PGF |
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PowerRating) which tracks the Wachovia Hybrid & Preferred Securities Financial Index and has a yield of more than 13.5%.
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