TradingMarkets 7 ETFs You Need to Know for Tuesday
Energy and consumer cyclicals helped keep most equity ETFs in overbought territory above the 200-day moving average. Around the world, ETFs representing the BRIC nations of Brazil, Russia, India and China were among the day’s outperformers.
Here are 7 ETFs You Need to Know for Tuesday.
Leading the way higher among exchange-traded funds (ETFs) linked to the so-called BRIC nations were the 3% gains in the iShares FTSE/Xinhua China 25 ETF
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PowerRating) and the Market Vectors Russia ETF
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PowerRating).
With help from strength in the semiconductor sector, the PowerShares QQQ Trust ETF
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Buyer remained cautious about re-entering the market for financials, keeping ETFs like the Financial Select Sector SPDRS ETF
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Up well over 2%, the ProShares Ultra Semiconductor ETF
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Closing higher for a fifth consecutive trading day above the 200-day moving average was the United States Oil Fund
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PowerRating). USO is at levels not seen since November 2008 and has recently emerged from a trading range that extended back to mid-June of this year.
Base or industrial metals continued to rally on Monday, with the PowerShares DB Base Metals ETF
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