TradingMarkets 7 ETFs You Need to Know for Wednesday
Energies, such as the iShares Dow Jones U.S. Energy Index ETF
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PowerRating) held steady, while sellers were most aggressive in the financial sector, helping send ETF funds like the Vanguard Financial ETF
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PowerRating) into oversold territory above the 200-day.
Here are 7 ETFs You Need to Know for Wednesday.
Among the top ETF PowerRatings funds for Wednesday are country ETFs like the iShares MSCI Sweden Index Fund ETF
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PowerRating) and sector funds such as the Regional Bank HOLDRS ETF
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PowerRating). Both funds earned major ETF PowerRatings upgrades on Tuesday after pulling back above the 200-day moving average.
With selling heavy in stocks like Citigroup
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What are moving averages and how can they help short term ETF traders? Click here to find out.
Among those country ETFs slipping into oversold territory above the 200-day moving average was the WisdomTree India Earnings Fund ETF
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PowerRating), which lost more than 1% on Tuesday. Earning an ETF PowerRating of 8 was the PowerShares India Portfolio ETF
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PowerRating).
Pressing deeper into overbought territory above the 200-day moving average was the ProShares Ultra Oil & Gas ETF
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PowerRating). DIG is leveraged two to one to the daily performance of the Dow Jones U.S. Oil & Gas Index.
Short term traders waiting for a pullback in gold mining shares may have found their opportunity in the Market Vectors Gold Miners ETF
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PowerRating), which dropped to oversold levels in trading on Tuesday. GDX has been range-bound for the previous four trading days, oscillating between oversold and neutral conditions.