TradingMarkets 7 ETFs You Need to Know for Tuesday
Country ETFs from Europe to Latin America to Asia drifted higher on Friday. Oversold sectors like the utilities and consumer staples also found buyers on the final trading day of the week.
U.S. markets will be closed on Monday for Memorial Day.
Here are 7 ETFs You Need to Know for Tuesday.
The S&P 500 SPDRS ETF
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PowerRating) remained little changed for a second day on Friday, as even minimal buying was enough to nudge the fund up from its most oversold levels below the 200-day. Still oversold above its 200-day moving average and attracting buyers intraday at the lows is the PowerShares QQQ ETF
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PowerRating).
After closing lower for three days, the India Fund
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Higher for a second day in a row was the iShares MSCI Taiwan Index ETF
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PowerRating), which continues to trade above its 200-day moving average. Rebounding from oversold conditions from Thursday was the iShares MSCI Singapore Index ETF
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PowerRating), up more than 3% intraday on Friday.
After closing lower for six out of the past seven days below the 200-day moving average, the Utilities Select Sector SPDRS ETF
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PowerRating) finally attracted buyers on Friday. The ProShares Ultra Utilities ETF
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PowerRating) was up more than 2% intraday before sellers returned to keep the ETF below Thursday’s highs.
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