TradingMarkets 7 ETFs You Need to Know for Thursday
Sellers were especially aggressive in the financial sector, with the Financial Select Sector SPDR ETF
(
XLF |
Quote |
Chart |
News |
PowerRating) losing more than 3% intra-day. Country ETFs continued their pullbacks across the board, becoming increasingly oversold above their 200-day moving averages.
Here are 7 ETFs You Need to Know for Thursday.
Exchange-traded funds representing each of the so-called BRIC nations experienced another day in oversold territory above the 200-day. Down more than 2% intraday was the iShares MSCI Brazil Index ETF
(
EWZ |
Quote |
Chart |
News |
PowerRating), and the Market Vectors Russia ETF
(
RSX |
Quote |
Chart |
News |
PowerRating) plunged more than 5% late in trading on Wednesday.
The India Fund
(
IFN |
Quote |
Chart |
News |
PowerRating) also lost more than 5% intra-day, closing for a third consecutive session in oversold territory above the 200-day moving average. Representing China, the iShares FTSE/Xinhua China 25 ETF
(
FXI |
Quote |
Chart |
News |
PowerRating) slid by a little over 2% intraday, closing for a second day in a row oversold above its 200-day.
Soaring by more than 2% intraday, the CurrencyShares Japanese Yen Trust ETF
(
FXY |
Quote |
Chart |
News |
PowerRating) traded on Wednesday at levels not reached since February of this year.
Weakness in technology shares – especially semiconductors – helped push the ProShares UltraShort Semiconductor ETF
(
SSG |
Quote |
Chart |
News |
PowerRating) deeper into overbought territory below the 200-day moving average.
Trading at its highest levels since mid-March and increasingly overbought below the 200-day moving average, the ProShares UltraShort Financial ETF
(
SKF |
Quote |
Chart |
News |
PowerRating) gained more than 5% intra-day on Wednesday.
ETFs are a fast growing asset class and you need to improve your ETF trading with quantified strategies. High Probability ETF Trading will give you the edge with 7 quantified strategies that have been back tested in model portfolios – click to buy now.