TradingMarkets 7 ETFs You Need to Know for Wednesday

Most sectors were lower on Tuesday, but selling was the most aggressive in the financial sector. Emerging markets ETFs were mixed, while precious metal ETFs continued to pull back.

Here are 7 ETFs You Need to Know for Wednesday.

Financial ETFs were among those leading to the downside on Tuesday as traders took profits in stocks from Goldman Sachs
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to American Express
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. As a result, leveraged ETFs like the ProShares Ultra Financials ETF
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was down more than 8% late in trading.

Surprisingly weak retail sales encouraged selling in consumer cyclical stocks, with retailer Macy’s
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being one of the bigger decliners on the day. Both the Consumer Discretionary Select Sector SPDRS ETF
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and the iShares Dow Jones U.S. Consumer Cyclical Sector ETF
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were lower on Tuesday after spending the past two days in overbought territory below the 200-day moving average.

Rallying to their highest levels in five days was the iShares Barclay’s 20+ Year Treasury Bond ETF
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, up for a second day in a row above the 200-day moving average.

Continuing to make progress in advancing above and beyond its 200-day moving average is the iShares FTSE/Xinhua China 25 Index ETF
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. The ETF has closed higher for the past four consecutive trading sessions.

Pulling back after two days in overbought territory below the 200-day moving average was the PowerShares QQQ Trust ETF
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on Tuesday. QQQQ finished off its lowest levels of the day to close above its 5-day moving average

After closing lower for seven out of the past nine trading days, the ProShares Short Dow 30 ETF
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rallied from increasingly oversold conditions above the 200-day moving average on Tuesday.

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