TradingMarkets 7 ETFs You Need to Know for Thursday
The PowerShares QQQ Trust ETF
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PowerRating) rallied on Wednesday after a brief, one-day dip into oversold territory above the 200-day moving average. Still trading at neutral levels above the 200-day are equity index ETFs like the S&P 500 SPDRS ETF
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PowerRating) and the iShares Russell MidCap Growth Index ETF
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PowerRating).
Among sector ETFs, energy funds continued to populate the ranks of the oversold, with top ETF PowerRatings funds like the iShares S&P North American Natural Resources Index ETF
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PowerRating) closing in oversold for a fifth consecutive session.
Top ETF PowerRatings Funds for Thursday include: RSX, EZU, EFA, FXI, IEV.
Here are 7 ETFs You Need to Know for Thursday.
Country funds are not only based on the stock markets of individual countries. Regional ETFs like the S&P BRIC 40 SPDRS ETF
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PowerRating) and the Vanguard European ETF
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PowerRating) represent the stocks of countries of a specific type – such as the so-called BRIC nations of Brazil, Russia, India and China in the BIK – or of a certain area, such as continental Europe in the case of VGK.
Both BIK and VGK are among the highest rated, ETF PowerRatings country and regional exchange-traded funds going into Thursday. To learn more about our ETF PowerRatings, click here.
Energy funds like the iShares Dow Jones U.S. Oil & Gas Exploration Index ETF
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PowerRating) and the S&P Oil & Gas Equipment & Services Index ETF
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PowerRating) continue earn high ETF PowerRatings of 8 or more. The highest rated ETFs have made significant short term gains nearly 80% of the time since 2003 according to our research.
Slipping to just outside oversold territory above the 200-day moving average is the Consumer Discretionary Select Sector SPDRS ETF
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PowerRating), which includes stocks like McDonalds
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PowerRating), Amazon.com Inc.
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PowerRating) and Walt Disney
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PowerRating).
The Vanguard Health Care ETF
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PowerRating) rallied to close higher after a dip into oversold territory above the 200-day on Tuesday.
Precious metals ETFs continued to pullback on Wednesday. The iShares Silver Trust ETF
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PowerRating) closed lower for the third trading day out of the past three, losing well over 1%.