TradingMarkets 7 ETFs You Need to Know for Wednesday

Sectors across the board were lower on Tuesday as traders and investors came out of the President’s Day holiday weekend in a selling mood. Oversold conditions in ETFs are prevalent in index and country funds, with bond ETFs and those linked to precious metals advancing on the day.

Here are 7 ETFs You Need to Know for Wednesday.

On a day when sellers were in full force, it was the financial stocks that were sold most aggressively. This meant lower prices for financial ETFs like the ProShares Ultra Financials ETF
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, which is leveraged two-to-one to the Dow Jones U.S. Financials Index. Also lower were exchange-traded funds linked to regional banks, such as the KBW Regional Banking ETF
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With Hewlett Packard
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announcing quarterly earnings on Wednesday and technology stocks joining the massive pullback on Tuesday, ETF traders and investors may want to pay extra attention to the Technology Select Sector SPDRS ETF
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. Hewlett Packard is among the largest components of this widely-traded technology ETF.

Among the few bright spots on Tuesday – or at least, spots that were not so red – was the health care sector. The Health Care Select Sector SPDRS ETF
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managed to rally from its worst levels over the course of the trading day.

The rout in stocks has encouraged many investors and traders to seek protection in both gold and bonds, paradoxically enough. Gold options for ETF traders and investors include the SPDR Gold Shares Trust ETF
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. Bond ETFs come in a variety of forms from Treasury bond based exchange-traded funds like the iShares Barclay’s 20+ Year Treasury Bond Fund ETF
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to corporate debt funds like the iShares iBoxx Investment Grade Corporate Bond Fund ETF
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