TradingMarkets 7 ETFs You Need to Know for Tuesday
Technology and energy shares were the primary targets of buyers on the first trading day of the week. Both the ^ROM^ and the ^DIG^ were up more than 2% late in trading on Monday.
Many of the recently oversold equity index ETFs rallied from sharp intraday lows on Monday. This includes the ^DIA^, which gained just under 1% to finish near the highs of the session.
Here are 7 ETFs You Need to Know for Tuesday.
Among the top rated ETF PowerRatings funds for Tuesday’s trading are the ^EWZ^ and the ^ITB^. Both ETFs have closed lower for four consecutive trading days including Monday.
One of the biggest ETF PowerRatings upgrades was in the ^IBB^, which was upgraded from an 8 to a 10 late in trading on Monday.
When is the best time to buy an ETF for a short term trade? When is the best time to sell? Click here to find out.
The most oversold ETF in our database ahead of Tuesday’s trading? Aside from a pair of exchange-traded funds representing preferred stock, the ^GDX^ closed lower on Monday for the third day out of the past four. GDX is also moving close to its 200-day moving average, where volatility is likely to increase.
In the commodity patch, the ^SLV^ gained after closing lower for three days in a row. Pulling back toward its 200-day moving average was the ^OIL^.
Among leveraged ETFs pulling back above the 200-day moving average going into trading on Tuesday are the ^UWM^, and the ^UYG^, both of which closed in oversold territory on Monday.
Find out more about what ETF PowerRatings can do for you and your trading. Click here to launch your free, 7-day trial to our ETF PowerRatings today.