TradingMarkets 7 ETFs You Need to Know for Wednesday
Financials and materials exchange-traded funds (ETFs) were among those pulling back most aggressively on Tuesday. Health care funds rallied again, becoming one of the more overbought sectors. Russia was the lone gainer among the BRIC nations, with most ETFs representing Brazil, India and China pulling back on the day.
Here are 7 ETFs You Need to Know for Wednesday
Among those BRIC country ETFs pulling back on Tuesday were the iShares FTSE/Xinhua China 25 ETF
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PowerRating) and the iShares MSCI Brazil Index Fund ETF
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PowerRating). Both exchange-traded funds lost just under 1% on the day.
Reflecting the overbought conditions in top Nasdaq 100 stocks from Apple
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PowerRating) to Starbucks
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PowerRating) has closed in extreme oversold territory for three days in a row.
Closing in overbought territory above the 200-day moving average for a fourth consecutive session was the Semiconductor HOLDRS ETF
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PowerRating). SMH has rallied more than 6% since earning "consider buying" ETF PowerRatings of 8 and 9 during the late October/early November correction.
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The most overbought exchange-traded fund in our database? The Health Care Select Sector SPDRS ETF
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A combination falling median home prices and strong sales encouraged selling in the SPDR Homebuilders ETF
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PowerRating), which pulled back on Tuesday after closing higher for three out of the past four trading days. Also moving lower and back toward neutral territory above the 200-day moving average was the iShares Dow Jones U.S. Real Estate ETF
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PowerRating).