TradingMarkets 7 ETFs You Need to Know for Thursday
As health care pulled back, financials and the energy sector provided their typical leadership on Wednesday. Internationally, ETFs providing traders and investors with exposure to markets in Latin America have been among those moving dramatically higher in recent days.
Here are 7 ETFs You Need to Know for Thursday.
A one-two punch of buying in both financials and energy stocks boosted exchange-traded funds linked to these sectors on Wednesday. Up more than 11% intraday was the ProShares Ultra Financials ETF
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PowerRating), re-entering overbought territory below the 200-day moving average. Representing rallying energy stocks like Devon Energy Corporation
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PowerRating) and XTO Energy Inc.
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PowerRating) are ETFs like the Vanguard Energy ETF
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PowerRating). VDE was up more than 3% intraday on Wednesday and has also moved back into overbought territory below the 200-day.
Overbought conditions in health care ETFs led to profit-taking on Wednesday. The Vanguard Health Care ETF
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PowerRating) opened at new 30-day highs, but moved lower over the course of the day to close near the previous day’s lows.
ETFs providing traders and investors with exposure to Latin America continue to advance above and beyond their 200-day moving averages. The iShares S&P Latin America 40 Index ETF
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PowerRating) and the iShares MSCI Brazil Index ETF
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PowerRating) are two of the better performing Latin America-based ETFs. Crossing its 200-day moving average for the first time since June 2008 was the iShares MSCI Mexico Investable Market Index ETF
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PowerRating).
After pulling back for two days below the 200-day moving average, the PowerShares DB Agriculture ETF
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PowerRating) edged higher on Wednesday. DBA had not had two consecutive down sessions since April 20, its lowest point over the past month.
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