TradingMarkets 7 ETFs You Need to Know for Tuesday
Selling in both financial and energy sectors gave traders and investors few places to seek cover on the first trading day of the week. As for those sources of safety, however, bonds and bond ETFs remained among the most attractive.
Here are 7 ETFs You Need to Know for Tuesday.
The ProShares UltraShort Financial ETF, SKF
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PowerRating), rallied on Monday to close above its 200-day moving average for the first time since mid-December. Financial stocks were among those leading the markets lower on the day with both Bank of America
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PowerRating) and Citigroup
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PowerRating) experiencing especially aggressive selling.
Both Peabody Energy
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PowerRating) and Masey Energy
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PowerRating) were leaders of the pullback in energy stocks. The pullback helped drag the Energy Select Sector SPDRS, XLE
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PowerRating) lower for a second consecutive session.
After trending sideways for weeks, the ProShares UltraShort Real Estate ETF, SRS
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PowerRating), broke out of 10-point range by more than 12% late on Monday.
ETFs linked to fixed income rallied from oversold conditions above their respective 200-day moving averages on Monday. These included the iShares Lehman Brothers 20+ Year Treasury Bond ETF, TLT
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PowerRating) as well as the iShares Lehman Brother Aggregate Bond ETF, AGG
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PowerRating).
Lower for three out of the past four trading days is the Claymore/BNY BRIC ETF, EEB
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PowerRating), which consists of stocks from Brazil, China, Russia and India.
Falling prices for crude oil have made for rough going for the Market Vectors Global Alternative Energy ETF, GEX
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PowerRating), which reached its lowest levels of the year on Monday. The ETF’s holdings include First Solar
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PowerRating) and Vestas Wind Systems
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PowerRating).
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