TradingMarkets 7 ETFs You Need to Know for Tuesday
Technology lead the way higher on muted Monday, with buyers also aggressive in financials and consumer cyclicals. Driving deeper into overbought territory above the 200-day were exchange-traded funds like the ^ROM^ and the ^FAS^.
Pulling back on the day were both health care and industrials. The ^XLI^ lost ground for the first time since late February.
Here are 7 ETFs You Need to Know for Tuesday.
Among the top ETF PowerRatings funds for Tuesday is the ^BSV^. BSV is only one of two ETFs earning ETF PowerRatings of 8 or higher going into Tuesday’s trading.
The highest rated leveraged ETFs ahead of Tuesday’s trading? In second place behind the ^FAZ^ is the ^TYP^, which earned an ETF PowerRating of 9 by the end of trading on Monday.
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Rallying back above its 200-day moving average but increasingly overbought is the ^FXI^. The fund has closed in overbought territory for the past two consecutive trading sessions.
Closing even further from its 10-day moving average on Monday was the ^VXX^. The VXX has not closed in overbought territory since the beginning of February and has closed in oversold territory for eight consecutive trading days as of end of day Monday.
The most oversold exchange-traded fund in our database is the ^TIP^, which closed in oversold territory above the 200-day moving average for a second consecutive trading day on Monday.
On the other hand, the ETF that is most overbought and due for a pullback is the ^IJK^. IJK is one of a wide number of funds that ETF traders trading through Fidelity can trade for free. Visit Fidelity for details.