TradingMarkets 7 ETFs You Need to Know for Tuesday
Markets across the board continued to climb on the final day before the Labor Day weekend, with industrial stocks especially attractive to buyers on Friday. The ProShares Ultra Industrials ETF
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Here are 7 ETFs You Need to Know for Tuesday.
While gains in ETFs representing some of the so-called BRIC countries of Brazil, Russia, India and China made modest gains on Friday, exchange-traded funds like the iShares FTSE/Xinhua China 25 ETF
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Finally a bid arrives at the United States Natural Gas ETF
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PowerRating), which gained more than 6% Friday after plunging more than 21% over the past five days. UNG has traded below its 200-day moving average since July 2008.
High probability trading strategies for country ETFs like FXI and EWZ are the subject of Larry Connors’ new book, High Probability ETF Trading.
After a four-day pullback into oversold territory above the 200-day moving average, the Industrial Select Sector SPDRS ETF
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Strength in technology shares was evident by the 2% gain in the Semiconductor HOLDRS ETF
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PowerRating). Among the biggest components of the ETF are Texas Instruments
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Continuing to retreat from overbought conditions below the 200-day moving average are a number of inverse and inverse leveraged ETFs including the ProShares UltraShort Oil & Gas ETF
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PowerRating), which lost 3% intraday on Friday, and the Rydex Inverse 2x Russell 2000 ETF
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PowerRating), which closed lower for a third consecutive trading day.
Join Larry Connors live, Tuesday, September 8 at 2 pm for a special presentation for our upcoming Swing Trading College. The Swing Trading College remains our number one, most popular course and this is the seventh time we’ve offered it. The class runs 14 weeks and covers short term trading of stocks, ETFs (3 weeks of ETFs), options, E-minis and building a full trading plan – along with 4 weeks of live trading.
In this class Larry will be also introducing for the first time a new high probability stock trading strategy, along with trading additional strategies to trade ETFs including Leveraged ETFs.
If you’d like to attend the presentation, you can register here.