TradingMarkets 7 ETFs You Need to Know for Tuesday
Better than expected retail sales make retail and consumer cyclical ETFs like the ^XRT^ and the ^XLY^ among the funds likely to be on watchlists for traders and investors alike in the coming days.
Meanwhile technology ETFs were among those most aggressively pursued on Friday, as traders bid higher shares of exchange-traded funds like the ^SMH^.
U.S. Markets will be closed on Monday for President’s Day.
Here are 7 ETFs You Need to Know for Tuesday.
Among the few exchange-traded funds with top ETF PowerRatings going into Tuesday’s trading are the ^XLV^ and the ^XLU^. Both funds earned ETF PowerRatings of 8 as of the close on Friday.
Closing higher for a second day in a row was the ^USD^, which added more than 2%.
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The most oversold ETF in our database ahead of Tuesday’s trading? Above the 200-day moving average that award goes to the ^TIP^.
Unlike their international counterparts, exchange-traded funds representing U.S. stocks have by and large managed to remain above the 200-day moving average. This includes ETFs like the ^SPY^, as well as the ^VTI^.
Three days of overbought closes below the 200-day moving average were enough to send the ^FXI^ lower by nearly 2% on Friday.