TradingMarkets 7 ETFs You Need to Know for Thursday
When financials and energy stocks are doing well, the rest of the market has tended to respond, as was the case on Wednesday as oversold conditions from the inauguration day sell-off produced opportunities for buyers.
Here are 7 ETFs You Need to Know for Thursday.
Financial stocks rebounded on Wednesday following a steep sell-off the day before. Led by stocks like Citigroup
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Also moving higher on Wednesday were energy stocks, particularly Occidental Petroleum
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Increasingly overbought below its 200-day moving average is the iShares Silver Trust ETF, SLV
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PowerRating). Note that SLV tracks the price of silver, not the price of silver mining shares. Looking for a leveraged way to trade or invest in silver? ETF traders and investor can turn to an ETF like the ProShares UltraSilver ETF, AGQ
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Traders and investors can hedge investments in silver with the ProShares UltraShort Silver ETF, ZSL
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Record lows in home builder confidence in the U.S. were reflected in the behavior of the S&P Homebuilder SPDRS ETF, XHB
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