TradingMarkets 7 ETFs You Need to Know for Tuesday
With most sectors moving lower on Monday, traders were able to find strength in sectors related to the rising price of crude oil. Strength was also evident in precious metals ETFs linked to both gold and silver.
Here are 7 ETFs You Need to Know for Tuesday.
Among the few bullish sectors on Monday were the energy stocks, which benefited from rising oil prices over the past few days. The Energy Select Sector SPDRS, XLE
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Want direct exposure to oil prices – whether they are rising or falling? The United States Oil Fund, USO
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Even more bullish than crude oil in recent days and weeks has been the price of gold, which was higher again on Monday due in part to renewed conflicts in the Middle East. Traders and investors have traditionally looked to gold mining stocks in order to take advantage of rising gold prices, as well as exchange-traded funds like the SPDR Gold Shares, GLD
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PowerRating). Also higher on Monday – albeit not as strong in recent weeks – has been the iShares Silver Trust, SLV
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The ProShares Short S&P 500 ETF, SH
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The economic slowdown continued to weigh heavy on materials stocks, which were down for the sixth out of seven trading sessions on Monday. Both the Materials Select Sector SPDRS, XLB
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