TradingMarkets 7 ETFs You Need to Know for Thursday
Kick-save for the markets? Equity index ETFs opened lower but closed higher on Wednesday. But mild bounces mean oversold conditions have remained in a number of ETFs – particularly those representing financial and energy stocks.
Here are 7 ETFs You Need to Know for Thursday.
Looking for ETFs that are still oversold above the 200-day moving average? Among the more oversold sector ETFs are the Utilities Select Sector SPDRS ETF
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XLU |
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OIH |
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PowerRating). The OIH was down more than 1% late in trading on Wednesday.
ETFs representing two of the so-called BRIC nations are still oversold above the 200-day as of Wednesday’s trading: the Market Vectors Russia ETF
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RSX |
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IFN |
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PowerRating). Both ETFs were little changed from Tuesday’s close.
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In the wake of the historic victory by the Japanese Democratic party in recent elections, the Japanese yen continues to appreciate against the U.S. dollar. This has meant higher levels for the CurrencyShares Japanese Yen Trust ETF
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FXY |
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Precious metals ETFs soared on Wednesday, with both the SPDR Gold Trust ETF
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GLD |
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SLV |
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