TradingMarkets 7 ETFs You Need to Know for Thursday
A broad-based, late session reversal had many sectors rallying from their intraday lows, including financials, technology and the energy sector. Industrial stocks were among those that remained under the control of sellers throughout the day.
Here are 7 ETFs You Need to Know for Thursday.
While select financials advanced, leadership was most pronounced in the technology stocks. The Semiconductor HOLDRS
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PowerRating) were up more than 4%, making a six-day closing high below the 200-day moving average.
Industrial stocks, including those from Boeing
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PowerRating), were under some of the strongest selling pressure. ETF traders and investors can hedge investments in industrial stocks through short ETFs like the ProShares UltraShort Industrials ETF
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PowerRating).
Pfizer
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United States Oil Fund ETF
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PowerRating) were up.
Speaking of 3x ETFs, the Direxion Technology Bear 3x Shares ETF
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PowerRating) offer ETF traders and investors three-to-one leveraged exposure to the inverse of the Russell 1000 Technology Index. Triple leveraged exchange-traded funds can be used to hedge stock portfolios as well as for short term trading.
The strength of the U.S. dollar relative to the Japanese yen has more ETF traders and investors turning toward the ProShares UltraShort Yen ETF
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PowerRating), which tracks two times the inverse of the Japanese yen versus the U.S. Dollar. YCS is essentially a two-to-one, leveraged trade or investment on the USD/JPY.
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