TradingMarkets 7 ETFs You Need to Know for Wednesday
Buyers in the energy sector were among the most aggressive in trading on Tuesday, with energy-based ETFs like the Energy Select Sector SPDRS ETF
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PowerRating) gaining more than 2%.
Here are 7 ETFs You Need to Know for Wednesday.
Among the big three equity index ETFs, the PowerShares QQQ Trust ETF
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PowerRating) outperformed both the SPY and the DIA, gaining more than 1% on Tuesday and entering overbought territory above the 200-day moving average.
Two of the biggest ETF PowerRatings downgrades on Tuesday included the Vanguard Large Cap ETF
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PowerRating) and the iShares Dow Jones U.S. Home Consstruction Index ETF
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PowerRating), both of which had ETF PowerRatings slide from 8 to 6.
Within the quartet of countries known as the BRIC nations (Brazil, Russia, India and China), exchange-traded funds (ETFs) based on the national equities markets of Russia and China were among the bigger gainers on Tuesday. The Market Vectors Russia ETF
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PowerRating) gained well over 2% on Tuesday, while the iShares FTSE/Xinhua China 25 ETF
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PowerRating) rallied by more than 3% before pulling back late in the session.
The iShares Silver Trust ETF
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PowerRating) has been a regular in TradingMarkets 7 ETFs You Need to Know and makes the list again for good reason. SLV gained well over 3% on Tuesday, rallying to its highest level since mid-September.
Continued strength in the market will likely drive bond ETFs such as the iShares iBoxx Investment Grade Corporate Bond Fund ETF
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PowerRating) lower and into oversold territory above the 200-day moving average.
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