TradingMarkets 7 ETFs You Need to Know for Thursday

Crude oil was back on the retreat on Wednesday, with the United States Oil Fund
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plunging more than 4% intraday. Meanwhile, late selling helped pull the S&P 500 Depositary Receipts
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back out of overbought territory territory above the 200-day moving average.

Here are 7 ETFs You Need to Know for Thursday

After pulling back to oversold extremes above the 200-day moving average four days ago, the ProShares Ultra Semiconductor ETF
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rallied by more than 3% on Wednesday.

Also reflective of the strength in technology shares was the bounce in the Technology Select Sector SPDRS ETF
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, which closed at a new year-to-date high on Wednesday. The Nasdaq 100 failed to make a full baker’s dozen of days in overbought territory above the 200-day moving average with the PowerShares QQQ Trust ETF
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falling back sharply and closing lower for a second day.

Among country ETFs, sellers are most aggressive in the iShares MSCI Mexico Index Fund ETF
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, which closed lower for a fifth day in a row on Wednesday. Also pulling back by 1% was the iShares FTSE/Xinhua China 25 ETF
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.

Rallying to a new year to date high on Wednesday was the iShares iBoxx High Yield Corporate Bond Fund ETF
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.

Down more than 1% and closing lower for a second day in a row was the iShares Silver Trust ETF
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. The ETF has fallen back into a trading range that extends to September 8th.

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