TradingMarkets 7 ETFs You Need to Know for Wednesday
Stocks rallied strongly from increasingly oversold conditions on Tuesday, sending most long and leveraged long exchange-traded funds significantly higher. Short and leveraged short funds, by contrast, staged dramatic pullbacks, leaving many of these ETFs in or near oversold conditions above the 200-day moving average.
Here are 7 ETFs You Need to Know for Wednesday.
Two days after making a new 7-day low, the Dow DIAMONDS, DIA
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Buyers returned to the world of emerging markets ETFs on Tuesday, with the iShares Brazil Index Fund, EWZ
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Up nearly 8% on Tuesday, the Telecommunications HOLDRS, TTH
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Pulling back toward oversold territory above the 200-day moving average, the ProShares Short QQQ, PSQ
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With both Kellogg and Kraft Foods reporting earnings on Wednesday, the Select Consumer Staples SPDRS, XLP
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Closing lower for the fourth session in a row, the ProShares UltraShort Technology exchange-traded fund, REW
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