TradingMarkets 7 ETFs You Need to Know for Wednesday

Financial and health care stocks were the odd couple keeping stocks in the green on Tuesday. Traders and investors are likely to see more volatility from the financial sector when the Federal Reserve makes its monetary policy announcement Wednesday afternoon.

Here are 7 ETFs You Need to Know for Wednesday.

The financial sector helped lead the markets on Tuesday ahead of tomorrow’s FOMC announcement. Both Bank of America
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and American Express
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were top stocks. Top exchange-traded fund options for traders and investors looking for financial sector exposure include the Financial Select Sector SPDRS ETF, XLF
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, which includes both Bank of America and American Express among its holdings.

Doubt the strength of the financials? Speculate on the downside or hedge your investments and trades in financial stocks through exchange-traded funds like the ProShares UltraShort Financials ETF, SKF
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, which tracks the inverse of the Dow Jones U.S. Financials Index on a two-to-one basis.

Health care stocks were also attracting buyers on Tuesday, with shares of Aetna
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and St. Jude Medical
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among the outperformers in that group. Popular health care exchange-traded funds include the iShares Dow Jones U.S. Health Care ETF, IYH
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, as well as the Health Care Select Sector SPDRS ETF, XLV
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.

Increasingly overbought below the 200-day moving average is the Energy Select Sector SPDRS ETF, XLE
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, which has closed up for four out of the past five days and three in a row.

After four consecutive down trading sessions, the iShares Barclay’s 20+ Year Treasury Bond ETF, TLT
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, rallied on Tuesday, closing above its 5-day moving average for the first time in more than a week. TLT trades above its 200-day moving average.

Overbought below the 200-day moving average since January 16th, the iShares Silver Trust ETF, SLV
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came under selling pressure on Tuesday but still remains in overbought territory.

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