TradingMarkets 7 ETFs You Need to Know for Tuesday

On the eve of a Federal Reserve Board rate decision, stocks traded lower on relatively light volume. Financial and technology earnings will be among the focuses of traders over the balance of the week.

Here are 7 ETFs You Need to Know for Tuesday.

Technology stock earnings will be on stage this week, with companies like Oracle Corporation
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and Research in Motion
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among the announcements traders will be listening for. This could cause more volatility in technology exchange-traded funds such as the iShares Dow Jones U.S. Technology ETF, IYW
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which provides exposure to both hardware and software technology companies.

Another group of ETFs that may be affected by tech stock earnings this week are the ETFs linked to the Nasdaq and Nasdaq 100. These include ETFs like the PowerShares QQQ Trust ETF, QQQQ
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, which has a heavy pro-technology bias.

With both Goldman Sachs
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and Morgan Stanley
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both reporting earnings this week, ETF traders and investors should expect more volatility in the ProShares Ultra Financials ETF, UYG
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Energy stocks were among the early leaders to the upside on Monday. A number of these stocks are significantly over their 50-day moving averages. Traders can avoid corporate risk – the risk that any one stock will under perform those in its sector or the market as a whole – by choosing an energy ETF such as the Energy Select Sector SPDR, XLE
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or the iShares Dow Jones U.S. Energy ETF, IYE
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Since bottoming in late November, emerging markets stocks have been among the most impressive gainers. Traders can get exposure to a basket of emerging markets stocks from countries including Brazil, China, Russia and Taiwan through exchange-traded funds like the iShares MSCI Emerging Markets Index ETF, EEM
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Continuing to soar on the eve of the Federal Reserve Board interest rate announcement on Tuesday, the CurrencyShares Euro ETF, FXE
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, has closed higher for nine consecutive trading sessions. Extremely overbought, FXE remains below its 200-day moving average.

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