TradingMarkets 7 ETFs You Need to Know for Tuesday
Overbought conditions from Friday’s rally have market-indexed ETFs on the retreat on Monday, while short and leveraged short ETFs linked to the broad market indices are strongly higher.
Emerging markets ETFs in general were lower across the board, as were financial ETFs. Among those few areas advancing higher on Monday were energy and oil & gas related funds.
Here are 7 ETFs You Need to Know for Tuesday.
Moving higher on Monday and increasingly overbought below the 200-day moving average is the iShares Brazil Index fund, EWZ
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The Select Financial Sector SPDRS, XLF
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Also pulling back dramatically were the KBW Regional Banking SPDRS, KRE
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Rebounding from Friday’s oversold conditions was the ProShares UltraShort S&P 500 ETF, SDS
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Up approximately 1% late on Monday, the Select Energy Sector SPDRS, XLE
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Gold continues to advance, sending the Market Vectors Gold ETF, GDX
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Strength in gold has also meant strength in silver, with the iShares Silver Trust, SLV
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