TradingMarkets 7 ETFs You Need to Know for Wednesday

Among the top performing ETFs on Tuesday were energy funds as the United States Oil Fund ETF
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soared by more than 5% intraday. Also bounding higher were a number of country ETFs from regions as diverse as Brazil and Russia.

Here are 7 ETFs You Need to Know for Wednesday.

Even after pulling back sharply from its intraday highs, the Energy Select Sector SPDRS ETF
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were up more than 3% until late in trading on Tuesday. The U.S. Dollar plunged, as noted by the new, year-to-date highs in the PowerShares DB U.S. Dollar Bearish Fund ETF
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.

If you think today’s short-term highs may be tomorrow’s short-term lows, then high-flying country ETFs like the Market Vectors Russia ETF
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and the iShares MSCI Brazil Index ETF
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– both up more than 2% on Tuesday – should be on your ETF trading watch list.

High probability strategies for trading ETFs like RSX and EWZ are the focus of Larry Connors’ new book, High Probability ETF Trading.

Up early but reversing to close lower on an open-to-close basis was the SPDR Gold Trust ETF
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, which had closed higher for five days in a row. Industrial metals, on the other hand, were doing well with the Market Vectors Steel ETF
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advancing by more than 3%.

Did political uncertainty in Japan help make the iShares MSCI Japan Index ETF
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arrive late to the rally in country ETFs? EWJ closed up by nearly 1% after closing in oversold territory for the past two days in a row.

Join Larry Connors live, Thursday, September 10 at 4:30 pm for a special presentation for our upcoming Swing Trading College. The Swing Trading College remains our number one, most popular course and this is the seventh time we’ve offered it. The class runs 14 weeks and covers short term trading of stocks, ETFs (3 weeks of ETFs), options, E-minis and building a full trading plan – along with 4 weeks of live trading.

In this class Larry will be also introducing for the first time a new high probability stock trading strategy, along with trading additional strategies to trade ETFs including Leveraged ETFs.

If you’d like to attend the presentation, you can register here.