TradingMarkets 7 ETFs You Need to Know for Tuesday

A late rally helped an already bullish market tack on more than 400 points in the Dow industrials, with energy and utilities stocks among those driving the markets higher. Emerging markets related ETFs experienced another positive day, as well.

Here are 7 ETFs You Need to Know for Tuesday

The Dow DIAMONDS, DIA
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, gained more than 4% on Monday, as stocks were off to a positive start at the beginning of the week. The DIA remains below its 200-day moving average, but is up for two out of the past three days.

Up for three days in a row were emerging markets ETFs including the India Fund, IFN
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which was ahead by more than 10% in trading on Monday. Also up three consecutive sessions were the iShares Brazil Index Fund, EWZ
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, which on Monday closed higher by more than 7%. Both IFN and EWZ are below the 200-day moving average and technically overbought.

Renewed strength in energy stocks led to a sharp pullback in the ProShares UltraShort Oil & Gas ETF, DUG
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, which lost more than 17% on the first trading day of the week. Trading above its 200-day moving average, DUG is nearing a new, 7-day low.

Utilities stocks were also higher on Monday, encouraging traders to sell the ProShares UltraShort Utilities exchange-trade fund, SDP
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. SDP was down 14% late in trading.

After five consecutive days of selling, the Select Homebuilders Sector SPDRS, XHB
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rallied by more than 7%. Trading below its 200-day moving average, XHB is increasingly overbought.

Higher prices for physical gold on Monday proved a boon for gold stocks, driving the Market Vectors Gold ETF, GDX
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, up by more than 9%.

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