TradingMarkets 7 ETFs You Need to Know for Thursday
Overbought conditions in many index and sector-based exchange-traded funds have resulted in a dramatic sell-off, with energy- and emerging markets related ETFs among those losing the most ground. The aggressive selling has once again proved a boon for short and leveraged short ETFs, which are rallying after two days of increasingly oversold conditions.
Here are 7 ETFs You Need to Know for Thursday.
Among those funds responding positively to two days oversold conditions are the ProShares UltraShort Oil & Gas ETF, DUG
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Gold shares provided little relief for traders and investors, as the Market Vectors Gold Miners ETF, GDX
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Although never becoming extremely overbought, the Oil Service HOLDRS, OIH
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One day of overbought conditions below the 200-day moving average was all it took to bring out the sellers in the ProShares Ultra Financials ETF, UYG
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Tuesday’s intraday reversal in the iShares Russell 2000 Trust ETF, IWM
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The India Fund, IFN
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