TradingMarkets 7 ETFs You Need to Know for Thursday
U.S. markets continued higher at midweek, with small cap stocks as represented by the ^IWM^ outperforming their larger cap rivals in other equity index ETFs.
Sectorwise, buyers were most aggressive in the health care sector, sending the ^VHT^ gaining more than 1% and closing at new short term highs. The same was true for one of the few top rated ETFs as of Tuesday’s close, the ^XLV^.
Here are 7 ETFs You Need to Know for Thursday.
There are precious few, nonleveraged, oversold exchange-traded funds above the 200-day moving average going into trading on Thursday. But continued gains in stocks are likely to help move bond funds like the ^AGG^ and the ^BND”, both of which are just outside of oversold levels as of Wednesday’s close.
Semiconductor exchange-traded funds continue to be among the most in-demand by traders and are increasingly due for a pullback. Among the ETFs for high probability traders to keep an eye on are the ^USD^, which was little changed on Wednesday.
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Carrying its low “consider avoiding” ETF PowerRating forward into Thursday trading is the ^IAI^.
Among a small number of leveraged ETFs that pulled back deeper into oversold territory on Tuesday, the ^SRS^ was one of those that became even more oversold in trading on Wednesday, dropping another 2%.
Also falling deeper into oversold territory at midweek was the triple-leveraged ETF, the ^TZA^
After a one-day dip into oversold territory above the 200-day moving average, the ^UUP^ was up by nearly 1% on Wednesday.