TradingMarkets 7 ETFs You Need to Know for Tuesday
Sellers were most aggressive in energy and the materials sector, with ETFs like the Energy Select Sector SPDRS ETF
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PowerRating) and the 2-to-1 leveraged ProShares Ultra Basic Materials ETF
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Here are 7 ETFs You Need to Know for Tuesday.
The PowerShares QQQ Trust ETF
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PowerRating) closed in overbought territory above the 200-day moving average for the 11th consecutive trading day on Monday.
Among the few sectors to experience buying pressure on Monday was health care, with the Health Care Select Sector SPDRS ETF
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PowerRating) rallying by more than 1% intraday after pulling back toward oversold territory on Friday.
Financials held up until late in the trading day before selling in this group began to accelerate. This mean a pullback of 2% for the Direxion Daily Financial 3x Bull Shares ETF
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PowerRating)
Sellers helped move commodities down in most commodity markets on Monday. But the most aggressive selling was clearly in crude oil, taking the United States Oil Fund
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PowerRating) down by more than 3% intraday. Closing for a second consecutive session in oversold territory above the 200-day moving average was the Market Vectors Gold Miners ETF
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PowerRating). GDX, which tracks the share prices of gold mining stocks rather than the price of gold bullion, pulled back by more than 1%.
Lower prices for crude helped make the Market Vectors Russia ETF
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PowerRating) among the country ETF leaders to the downside on Monday. RSX lost more than 2% on the day. Also under significant selling pressure was the iShares MSCI Mexico Index ETF
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PowerRating), which closed lower for a third consecutive session on Monday.
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