TradingMarkets 7 ETFs You Need to Know for Tuesday
Exceptionally oversold conditions gave way to strong buying to begin the week. Financial and real estate based ETFs led the way higher, with the Direxion Daily Financial Bull 3x Shares ETF
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PowerRating) gaining more than 7% intraday.
Here are 7 ETFs You Need to Know for Tuesday.
Up well over 2% intraday was the Financial Select Sector SPDRS ETF
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PowerRating), boosted by heavy buying in fund components like Citigroup
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PowerRating). The ProShares Ultra Financials ETF
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PowerRating), which is leveraged 2x the daily return of the Dow Jones U.S. Financials Index, added more than 4%.
With the Dow industrials gaining more than 130 points on Monday, the Dow DIAMONDS ETF
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The Merkel Effect? The gain of more than 2% by the iShares MSCI Germany Index ETF
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PowerRating) was among the better performances by a country ETF on Monday.
Deal-making in the biotechnology sector, specifically Abbott Labs‘
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PowerRating).
Gold ETFs remained relatively muted on Monday, with the Market Vectors Gold Miners ETF
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PowerRating) lingering near oversold territory above the 200-day moving average.
Among the ETFs topping our TradingMarkets Most Overbought and Oversold ETFs for Today list over the past few days, the SPDR Hombuilders ETF
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PowerRating) rallied by more than 1% intraday on Monday.
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