TradingMarkets 7 ETFs You Need To Know for Thursday
Buyers were aggressive in markets like the health care sector, pushing higher health care related exchange-traded funds like the ^VHT^, which rallied to its highest levels since mid-December.
Asian country funds were mixed, with the ^EWT^ gaining and the ^FXI^ pulling back.
Here aer 7 ETFs You Need to Know for Thursday.
Among the top ETF PowerRatings funds going into trading on Thursday is the ^EWZ^ and the ^EWH^. Both funds earned ETF PowerRatings upgrades to 9 late in the day on Wednesday.
Also among the higher-rated ETF PowerRatings funds for Thursday is the ^ILF^. ILF earned a sizable ETF PowerRatings upgrade from 5 to 8.
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After a one-day bounce, the ^SKF^ reversed back to the downside. The reversal was typical of a number of inverse and inverse leveraged exchange-traded funds which were bid higher at the beginning of the week as markets pulled back.
Crude oil, as measured by the ^USO^, closed lower for a third consecutive trading day on Wednesday. The retreat marked the fund’s second close in a row in oversold territory above the 200-day moving average.
The most oversold ETFs in our database going into Thursday’s trading? Among the most oversold are the oil and energy commodity ETFs, including the ^USO^ and the ^OIL^.