TradingMarkets 7 ETFs You Need to Know for Tuesday
Buyers were back on the offensive to start the first trading day of the week and month. Overbought conditions continue to characterize most markets, with the ^SPY^, the ^QQQQ^ and the ^DIA^ of the Dow industrials all closing in overbought territory above the 200-day moving average.
Here are 7 ETFs You Need to Know for Tuesday
Among the few ETFs taking top ETF PowerRatings into trading on Tuesday are the ^KRE^ and the ^EWU^. Both ETFs earned ETF PowerRatings upgrades to 8 late in trading on Monday.
Are you an advanced trader looking for opportunities in the leveraged ETF market? Click here to find out why leveraged exchange-traded funds like the ^ZSL^ earned top Leveraged ETF PowerRatings in one of the biggest PowerRatings upgrades of the day.
Also earning top Leveraged ETF PowerRatings ahead of Tuesday’s trading was the ^FAZ^.
The most overbought ETF in our database going into Tuesday? The ^FXI^ has a 2-period RSI of more than 90 below the 200-day moving average. The fund soared by more than 2% in trading on Monday.
Closing in overbought territory above the 200-day moving average and increasingly due for a pullback is the ^GLD^. The same is true of the ^SLV^, which only recently climbed back above its 200-day.
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