TradingMarkets 7 ETFs You Need to Know for Tuesday
Stocks moved lower over the course of the trading day, with selling in health care and financial sectors helping weigh down stocks. Energy stocks, on the other hand, gained on the back of the continued rally in fuel prices.
Here are 7 ETFs You Need to Know for Tuesday.
There are few more direct ways for ETF traders to profit from rising crude oil prices than by investing in commodity ETFs like the United States Oil Fund, USO
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PowerRating), which tracks the price of West Texas intermediate crude oil, rather than the prices of oil stocks.
Those interested in oil companies can turn to the Energy Select Sector SPDRS, XLE
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PowerRating), which we noted in Monday’s TradingMarkets 7 ETFs You Need to Know as an increasingly overbought ETF, as well as the iShares Dow Jones U.S. Energy ETF, IYE
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PowerRating).
After three days of higher highs, the Vanguard Health Care ETF, VHT
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Continuing its sharp pullback is the iShares Lehman Brothers 20+ Year Treasury Bond ETF, TLT
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Also leading the markets lower were financial stocks. The Financial Select Sector SPDRS, XLF
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Among the commodity sectors widely believed to outperform in 2009 are agricultural commodities such as wheat and soybeans. Both grains are included in the index tracked by the PowerShares DB Agriculture Fund, DBA
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PowerRating), which continues to trend higher over the past few weeks.
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David Penn is Editor in Chief at TradingMarkets.com.