TradingMarkets 7 ETFs You Need to Know for Tuesday
In the final week of trading in 2009, equity index ETFs like the S&P 500 SPDRS ETF
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PowerRating) and the iShares Russell 2000 ETF
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In the commodities market, crude oil – as represented by the United States Oil Fund ETF
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PowerRating) – closed higher by well over 1% on Monday.Here are 7 ETFs You Need to Know for Tuesday.
Among the top ETF PowerRatings funds for high probability traders going into Tuesday, two are country-based funds. These include the iShares MSCI Austria Investable Market Index Fund ETF
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PowerRating), both of which have ETF PowerRatings of 9.
Also one of the higher rated ETFs is regional fund, the iShares MSCI EAFE Small Cap Index Fund ETF
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PowerRating). SCZ includes small cap stocks from Europe, Australia and the Far East.
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As noted in Monday’s ETF PowerRating Daily Analysis column, “ETF PowerRatings and Big Bond Fund Bargains,” bond ETFs are among the most oversold ETFs going into Tuesday’s trading. This includes ETFs like the iShares Barclays Aggregate Bond Fund ETF
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PowerRating), which has closed in oversold territory above the 200-day moving average for five consecutive days.
Unlike the SPY and IWM, which opened higher and reversed over the course of the trading day, the PowerShares QQQ Trust ETF
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Also reversing on Monday were leveraged ETFs representing both financial and technology sectors. Nevertheless, both the ProShares Ultra Technology ETF
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