TradingMarkets 7 ETFs You Need to Know for Tuesday
Relatively still markets on Friday led to relatively calm sectors in energy, health care and consumer stocks. Utilities was a bright spot while financial stocks lagged under the weight of Bank of America, Wells Fargo and JP Morgan.
Here are 7 ETFs You Need to Know for Tuesday.
Bearish sentiment toward financial stocks has continued to drive the ProShares UltraShort Financials ETF, SKF
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PowerRating), higher by more than 4% late on Friday before pulling back.
Led by stocks such as Exelon Corporation
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PowerRating), and the iShares Dow Jones U.S. Utilities ETF, IDU
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The Rydex CurrencyShares Japanese Yen Trust, FXY [FXY]FXY] pulled back deeper into oversold territory above the 200-day moving average on Friday. In contrast, the Rydex CurrencyShares Euro Trust, FXE
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PowerRating) rallied into overbought territory below the 200-day moving average.
The Gold Shares SPDRS, GLD
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The United States Oil Fund, USO
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PowerRating) closed lower for a third day in a row, the fourth out of the past five, on Friday. USO trades below its 200-day moving average, but remains above its December 2008 closing lows.
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