TradingMarkets 7 ETFs You Need to Know for Tuesday
With stocks soaring into overbought levels on Monday, consumer cyclicals and industrials were the leaders of a very bullish bunch. And with Goldman Sachs
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Here are 7 ETFs You Need to Know for Tuesday.
Consumer cyclicals include stocks from sectors such as retail and entertainment, which tend to outperform when economies are growing stronger or recovering. ETF traders and investors can get exposure to the stocks of the consumer cyclical sector through ETFs like the Consumer Discretionary Selecct Sector SPDRS ETF
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PowerRating). XLY gained more than 4% intraday on Monday and reached its highest closing levels of the year.
A leveraged option for short term ETF traders is the ProShares Ultra Consumer Services ETF
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PowerRating). The ETF, which is leveraged two-to-one to the Dow Jones U.S. Consumer Services index, gained more than 7% intraday as it rallied above its 200-day moving average.
Also up more than 4% on Monday and crossing above its 200-day moving average was the iShares Dow Jones U.S. Industrials ETF
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Country ETFs continue to streak higher with the iShares FTSE/Xinhua China 25 ETF
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Among the easiest ways to get broad commodities exposure through exchange-traded funds (ETFs) like the PowerShares DB Commodity Index Tracking ETF
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Specific exposure to the agricultural side of the commodities market can be achieved through an ETF like the PowerShares DB Agriculture ETF
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PowerRating). DBA tracks prices for corn, wheat, soybeans, and sugar. Short term traders looking for leveraged ways to trade the fortunes of agricultural commodities may consider a leveraged ETN (exchange-traded note) like the PowerShares DB Agriculture Double Long ETN
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