TradingMarkets 7 ETFs You Need to Know for Tuesday
Financials, energy and consumer cyclicals were the sectors leading the markets higher on Monday, while strength in technology stocks helped push the PowerShares QQQ Trust ETF
(
QQQQ |
Quote |
Chart |
News |
PowerRating) back above its 200-day moving average.
Here are 7 ETFs You Need to Know for Tuesday.
Closing above its 5-day moving average for the first time in six days, the ProShares Ultra Financials ETF
(
UYG |
Quote |
Chart |
News |
PowerRating) was among the chief beneficiaries of Monday’s bullish sentiments. Still trading below its 200-day moving average, UYG was up more than 9% intraday.
Up 6% intraday on Monday was the ProShares Ultra Oil & Gas Index ETF
(
DIG |
Quote |
Chart |
News |
PowerRating). Rising gas prices in advance of the summer driving season were credited. DIG is built to match two times the daily performance of the Dow Jones U.S. Oil & Gas Index of stocks such as Exxon Mobil
(
XOM |
Quote |
Chart |
News |
PowerRating) and Chevron Corporation
(
CVX |
Quote |
Chart |
News |
PowerRating).
Buying in both Home Depot
(
HD |
Quote |
Chart |
News |
PowerRating) and Lowes’s Comapanies
(
LOW |
Quote |
Chart |
News |
PowerRating) helped boost consumer discretionary and consumer cyclical ETFs like the Consumer Discretionary Select Sector SPDRS ETF
(
XLY |
Quote |
Chart |
News |
PowerRating) on Monday. Lowe’s reported better than expected earnings Monday morning. Home Depot is scheduled to report earnings Tuesday before the bell.
Sentiment among U.S. home builders reached an eight-month high, as the home buying season in late spring and early summer begins in earnest. Up by more than 5% intraday and now overbought below its 200-day moving average is the SPDRS Homebuilders ETF
(
XHB |
Quote |
Chart |
News |
PowerRating).
Emerging markets continue to be among the better performing sectors internationally. While many turn rightly to Asia and the Pacific Rim, emerging markets in the Americas have also attracted buyers. ETF traders and investors can get exposure to Western Hemisphere emerging markets through ETFs like the iShares MSCI Mexico Investable Index ETF
(
EWW |
Quote |
Chart |
News |
PowerRating), the iShares MSCI Brazil Index ETF
(
EWZ |
Quote |
Chart |
News |
PowerRating), or the iShares S&P Latin America 40 Index ETF
(
ILF |
Quote |
Chart |
News |
PowerRating)
ETFs are a fast growing asset class and you need to improve your ETF trading with quantified strategies. High Probability ETF Trading will give you the edge with 7 quantified strategies that have been back tested in model portfolios — click to buy now.