TradingMarkets 7 ETFs You Need to Know for Wednesday
On a day with both the blue chip Dow Diamonds ETF
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PowerRating) and the PowerShares QQQ Trust ETF
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PowerRating) gaining more than 1%, financials underperformed on a relative basis. The Financial Select Sector SPDRS ETF
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PowerRating), for example, finished little changed on Tuesday, just outside of overbought territory above the 200-day.
Here are 7 ETFs You Need to Know for Wednesday
Some of Tuesday’s most impressive performances came from country ETFs like the iShares FTSE/Xinhua China 25 ETF
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PowerRating), which gained more than 2% and the iShares MSCI Brazil Index ETF
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PowerRating), which soared by nearly 3%.
Click here to learn how moving averages can help you trade ETFs like FXI and EWZ.
The S&P 500 SPDRS ETF
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PowerRating) were among those exchange-traded funds (ETFs) returning to new year to date highs on Tuesday. The SPY gained more than 1% on the day and is again overbought above the 200-day moving average.
The highest rated sector ETF? With an ETF PowerRating of 9 late in trading on Tuesday, the iShares Dow Jones U.S. Broker-Dealers ETF
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PowerRating) continues to earn relatively high ETF PowerRatings.
Among the deeper pullbacks among ETFs was the drop into oversold territory by the iShares Barclays Aggregate Bond ETF
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PowerRating). Down more than 1% was the iShares Barclays 20+ Year Treasury Bond ETF
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PowerRating)
Although higher on an open to close basis on Tuesday, the SPDR Barclays Capital High Yield Bond ETF
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PowerRating) is likely to open in oversold territory above the 200-day moving average on Wednesday.