TradingMarkets 7 ETFs You Need to Know for Tuesday
Despite dramatically oversold conditions in the first half of trading on Monday, sellers remained on the offensive in a number of sectors and country ETFs. Short/inverse exchange-traded funds – many of which opened lower – were advancing and becoming increasingly overbought above the 200-day moving average.
Here are 7 ETFs You Need to Know for Tuesday.
Profit-taking in technology stocks has resulted in lower levels for tech ETFs like the Technology Select Sector SPDRS ETF
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Also lower on the day on Monday were basic materials stocks including both U.S. Steel
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X |
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SMN |
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Although opening lower, the ProShares UltraShort Financials ETF
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Among emerging markets stocks, many of those representing Latin America were significantly lower to start the week. The iShares MSCI Brazil Index ETF
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EWZ |
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A number of currencies have become increasingly overbought below the 200-day moving average over the past several days. ETF traders and investors can get exposure to some of these overbought currencies by way of exchange-traded funds like the CurrencyShares British Pound Sterling Trust ETF
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FXB |
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FXE |
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PowerRating).
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