TradingMarkets 7 ETFs You Need to Know for Wednesday
Sellers continued to overwhelm buyers on Tuesday, leading to significant corrections in exchange-traded funds in both the U.S. and internationally. Sectors such as
retail and finance came under especially aggressive selling, to the advantage of short and leveraged short exchange-traded funds.
Here are 7 ETFs You Need to Know for Wednesday.
Concerns over September sales led to selling in retail stocks on Tuesday. The Select Retail Sector ETF, XRT
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XRT |
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Financial stocks continued to be under pressure, with the Select Financial Sector SPDRS, XLF
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XLF |
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In spite of lower prices for crude oil, the iShares Dow Jones Transportation Average ETF, IYT
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IYT |
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A day after trading was temporarily suspended in the Brazilian stock market, Bovespa, the iShares Brazil Index Fund, EWZ
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EWZ |
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The Select Gold Shares SPDRS, GLD
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GLD |
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PowerRating), were up by more than 3% on Tuesday. Trading below its 200-day moving average, GLD is increasingly oversold. Also higher was the iShares Silver Trust, SLV
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SLV |
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PowerRating) ahead by approximately 6% late in trading on Tuesday.
Soaring to levels not reached in years, the ProShares UltraShort QQQ fund, QID
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QID |
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PowerRating), gained nearly 7% late in trading on Tuesday.
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