TradingMarkets 7 ETFs You Need to Know for Wednesday
Selling in reaction to increasingly overbought conditions characterized ETF trading on Tuesday. The profit-taking has caused a number of ETFs – from the iShares FTSE/Xinhua China 25 ETF
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Here are 7 ETFs You Need to Know for Wednesday.
Health care ETFs represented one of the few sectors moving higher on Tuesday. The Health Care Select Sector SPDRS ETF
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Concerns over which banks “failed” their stress tests put selling pressure on regional banking ETFs in particular. Down more than 2% intraday on Tuesday was the SPDR KBW Regional Banking ETF
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Profit-taking was most aggressive in energy stocks, leading ETFs that consist mostly of oil companies lower on the day. The iShares Dow Jones U.S. Energy Sector ETF
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Pulling back after two days in overbought territory below the 200-day moving average was the iShares MSCI Japan Index ETF
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PowerRating). Meanwhile in Europe, it took four days of increasingly overbought conditions below the 200-day moving average to induce selling in ETFs like the iShares MSCI Germany Index ETF
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Dollar strength and overbought conditions in the Euro helped send the CurrencyShares Euro Trust
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