TradingMarkets 7 ETFs You Need to Know for Tuesday
A volatile day saw buyers step in late in the trading day to push markets off their lowest levels after early gains were met by renewed selling. Small caps, financials among more oversold ETFs by type and sector. Top ETF PowerRatings funds include RZV, IJS, XLU.
Here are 7 ETFs You Need to Know for Tuesday.
Among the more oversold country ETFs in our exchange-traded fund database are the Wisdom Tree Indian Earnings Fund ETF
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EPI |
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PowerRating) and the iShares MSCI South Africa Index Fund ETF
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EZA |
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PowerRating). Both EPI and EZA earned top ETF PowerRatings of 10 late in trading on Monday.
Financials bore the brunt of the volatility on Monday as wide-range days were the norm in the ETFs like the ProShares Ultra Financials ETF
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UYG |
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PowerRating), which ended the day barely in oversold territory above the 200-day moving average.
The iShares Dow Jones U.S. Telecommunications Services Index ETF
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IYZ |
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PowerRating) closed in oversold territory for a second day in a row on Monday. The ETF earned our highest ETF PowerRating of 10 going into the close,
Among commodities ETFs, the more than 1% rally in the SPDR Gold Shares ETF
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GLD |
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PowerRating) brought the bullion-tracking fund to its highest close in six days.
It will take a lot more selling if the Dow Diamonds ETF
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PowerRating) are going to confirm the move below the October lows by the iShares Dow Jones Transportation Average Index Fund ETF
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IYT |
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PowerRating). A volatile day left the DIA up slightly by the end of trading, while the IYT closed in oversold territory above the 200-day moving average for a second consecutive trading session. IYT earned a top ETF PowerRating of 10 late in trading on Monday.