TradingMarkets 7 ETFs You Need to Know for Tuesday

Oversold conditions across the board encouraged strong buying on Monday, with the financial sector outperforming. Commodities rallied, with the iShares Silver Trust ETF
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gaining over 3% intraday, and country ETFs pushed into overbought territory above the 200-day.

Here are 7 ETFs You Need to Know for Tuesday.

Two days in oversold territory above the 200-day moving average was enough for buyers to pour into shares of the SPDR S&P 500 Trust ETF
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on Monday, boosting the ETF higher by more than 2%.

Second only to the performance of the financials, energy-related ETFs like the iShares Dow Jones U.S. Energy Sector ETF
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rallied from short-term oversold conditions above the 200-day moving average on Monday. Up by well over 4% on the day was the ProShares Ultra Oil & Gas ETF
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Among the better performing country ETFs on Monday were the gains of more than 2% from the iShares MSCI Brazil Index ETF
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and the iShares FTSE/Xinhua China 25 ETF
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In spite of the strong buying pressure on Monday, a number of ETFs continue to display high ETF PowerRatings of at least 8. These ETFs include the iShares Nasdaq Biotechnology Index Fund ETF
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and the iShares MSCI Japan Index Fund ETF
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.

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