TradingMarkets 7 ETFs You Need to Know for Tuesday
Stocks sold off to end the trading week on a bearish note as three consecutive up days in the Dow industrials and S&P 500 finally brought out profit-takers. Losses in the technology sector helped keep the Nasdaq and Nasdaq-related ETFs lower on Friday, as funds linked to semiconductor stock indexes were among the biggest
decliners.
Here are 7 ETFs You Need to Know for Tuesday.
Weakness in technology stocks helped drag the Nasdaq 100 lower on Friday. This provided for a pullback in the ProShares Ultra QQQ ETF, QLD
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The Select Energy Sector SPDRs, XLE
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Responding to the single digit, 2-period RSI of less than 5 as of Thursday’s close, the ProShares UltraShort Utilities ETF, SDP
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The Semiconductor HOLDRS, SMH
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trade below its 200-day moving average. Traders looking to trade the semiconductor sector more aggressively may want to consider the ProShares Ultra Short Semiconductor fund, SSG
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After gapping higher on Wednesday and holding on to those gains for a day, the iShares MSCI Taiwan Index ETF, EWT
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