TradingMarkets 7 ETFs You Need to Know for Tuesday
Major equity index ETFs including the PowerShares QQQ Trust ETF
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PowerRating) and the Dow DIAMONDS ETF
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PowerRating) closed for a sixth consecutive session in overbought territory above the 200-day moving average on Monday.
Here are 7 ETFs You Need to Know for Tuesday.
Buyers were especially aggressive in the financial sector, arriving late in the session to boost ETFs like the ProShares Ultra Financials ETF
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PowerRating) by more than 2%
Among the better-performing country ETFs on Monday was the iShares MSCI France Index ETF
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PowerRating). Among the biggest pullbacks among country ETFs was the iShares MSCI Mexico Investable Index ETF
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PowerRating), which was down more than 1% late in the day.
Also soaring above recent new, year-to-date highs was the SPDR S&P Biotechnology ETF
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PowerRating), which has closed higher for five out of the past six consecutive trading days.
The CurrencyShares Japanese Yen Trust
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PowerRating) pulled back on Monday from the new, 20-day high reached on Friday.
Pulling back sharply on Monday after reaching overbought extremes below the 200-day moving average was the iShares Barclays 20+ Year Treasury Bond ETF
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PowerRating).
Volatility remains the story for the United States Natural Gas Fund
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PowerRating), which bounced by more than 3% intraday on Monday after a sharp pullback on Friday. UNG has traded below its 200-day moving average for more than a year.
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