TradingMarkets 7 ETFs You Need to Know for Tuesday

Stocks remained largely unchanged over the balance of the trading day on Monday, but many of the overbought conditions that began the day have been worked off by modest selling. Among the leading sectors was the Industrial sector, which continued to advance for a third consecutive day.

Here are 7 ETFs You Need to Know for Tuesday.

The biggest were among the best as conglomerates General Electric
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and 3M Company
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lead the industrial sector higher on Monday. Traders and investors using ETFs can get exposure to stocks like these through the Industrial Select Sector SPDRS ETF, XLI
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Financial stocks remained resilient on Monday, with shares of Bank of America
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among those most sought after by investors and traders. This meant higher prices for financial exchange-traded funds such as the ProShares Ultra Financials ETF, UYG
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and the Rydex S&P Equal Weight Financials ETF, RYF
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.

Still oversold above the 200-day moving average is the iShares Barclays 20+ Year Treasury Bond ETF, TLT
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. The bond ETF has closed lower for eleven out of the past 14 days.

Also oversold above the 200-day moving average is the ProShares UltraShort Technology ETF, REW
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, which closed higher on Monday after five consecutive selling sessions to start the month of February.

Think crude oil has more downside to go? ETF traders can take advantage of the bear market in crude oil through short exchange-traded funds (and exchange-traded notes) like the PowerShares DB Crude Oil Double Short ETN, DTO
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and the ProShares UltraShort DJ-AIG Crude Oil ETF, SCO
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.

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