TradingMarkets 7 ETFs You Need to Know for Tuesday
Words from the Sage of Omaha helped boost financial ETFs, while ETFs based on technology stocks struggled as concerns about the impact of a global economic slowdown encouraged traders and investors to revisit their exposure to that sector.
Here are 7 ETFs You Need to Know for Tuesday.
With America’s favorite investor Warren Buffett saying that he thought Wells Fargo
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In strong contrast to the buying in financial stocks and ETFs, traders and investors were selling technology stocks like Google
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PowerRating) on Monday. This helped the ProShares UltraShort Technology ETF
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Traders were also busy in the energy sector, bidding higher shares of oil companies like Haliburton
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PowerRating). Profit-taking emerged late in the day on Monday, however, meaning energy ETFs like the Vanguard Energy ETF
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VDE |
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The iShares Silver Trust ETF
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Up more than 2% and closing higher for five out of the past six days is the ProShares Short QQQ ETF
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PowerRating). PSQ seeks to return the daily inverse of the Nasdaq 100 and is unleveraged.
Pulling back toward oversold territory above the 200-day moving average is the iShares Barclay’s Aggressive Bond Fund ETF
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PowerRating). A far more severe pullback in the iShares IBoxx Investment Grade Corporate Bond ETF
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PowerRating) saw that fund close lower on Monday for a 10th consecutive session.
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