TradingMarkets 7 ETFs You Need to Know for Thursday

Financials and consumer cyclicals were the major beneficiaries of Wednesday’s rebound from a one-day sell-off that sent a huge number of exchange-traded funds (ETFs) into oversold territory above the 200-day moving average. Up over 3% on the day was the ^UYG^, while the ^XLY^ gained more than 1%.

Among those ETFs that began the day with ETF PowerRatings of 9 or higher, the ^KOL^ was among the more impressive on Wednesday, climbing by more than 2%.

Here are 7 ETFs You Need to Know for Thursday.

Taking top ETF PowerRatings into Thursday’s trading are the ^MXI^ and the ^ITB^. ITB is especially oversold, having closed lower for three days in a row above the 200-day moving average.

Among those country ETFs earning top ETF PowerRatings ahead of trading on Thursday is the ^GUR^. GUR closed at oversold levels similar to Tuesday’s close.

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A one-day dip into oversold territory was enough to entice buyers in the ^QQQQ^. The QQQQ rallied by more than 1% late in trading on Wednesday.

There are a few leveraged ETFs that are making it on the radar of advanced high probability ETF traders going into Wednesday’s trading. Among those ranks is the ^ERX^, which was nevertheless up from oversold lows.

The most oversold ETF in our database ahead of trading on Thursday? Down on Wednesday and closing in oversold territory for a second session was the ^IAU^.

Closing in oversold territory above the 200-day moving average for a second day in a row is the ^GLD^.

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