TradingMarkets 7 ETFs You Need to Know for Wednesday
Traders continue to push stocks higher in the wake of Friday’s dip. Technology and financials led, though the utilities sector put in another surprisingly strong performance, with the Utilities Select Sector SPDRS ETF
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PowerRating) gaining for a second day in a row.
Here are 7 ETFs You Need to Know for Wednesday.
The Direxion Daily Financial Bull 3x Shares ETF
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PowerRating) rallied to its highest closing level since November 2008 on Tuesday. FAS spent its second day – fifth out of the past six – in overbought territory above its 200-day moving average.
Within the quartet known as the BRIC nations, Russia, represented by the Market Vectors Russia ETF
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PowerRating) and India, represented by the India Fund
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INF |
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PowerRating), outperformed China and Brazil on Tuesday. RSX was up more than 3% intraday on Tuesday, while IFN gained more than 2%.
The United States Oil Fund
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PowerRating).
After falling for six out of the past seven trading days and plunging below its 10-day moving average, the iPath S&P 500 VIX Short Term Futures Fund
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Rallying to its highest closing levels since September 2008, the Consumer Discretionary Select Sector SPDRS ETF
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PowerRating) has closed in overbought territory for seven consecutive trading days.
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