TradingMarkets 7 ETFs You Need to Know for Wednesday
Buyers were most aggressive in consumer stocks, boosting ETFs linked to that sector higher. Meanwhile bond ETFs continue to become increasingly oversold above the 200-day moving average.
Here are 7 ETFs You Need to Know for Wednesday.
Among the more attractive sectors to buyers on Tuesday was consumer discretionary or cyclical, a sector that includes stocks from Walt Disney Company
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DIS |
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PowerRating) to Coach
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COH |
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PowerRating). Higher for a third day in a row was the Consumer Discretionary Select Sector SPDR ETF
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XLY |
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PowerRating). Entering its second day in overbought territory above the 200-day was the ProShares Consumer Services ETF
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UCC |
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As noted in yesterday’s 7 ETFs You Need to Know for Today, bond ETFs are increasingly coming under profit-taking after what have been some impressive advances in some cases. Down for a second day in a row and back below its 5-day moving average are both the iShares Barclays Aggregate Bond ETF
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AGG |
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BSV |
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The Market Vectors Russia ETF
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RSX |
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Pulling back for a third day above its 200-day moving average is the CurrencyShares Japanese Yen Trust
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FXY |
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And entering its second day in overbought territory below the 200-day moving average on Tuesday was the Energy Select Sector SPDR ETF
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XLE |
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